Market Data
August 2, 2022
UPG Enterprises Acquires Orchid Monroe
Written by Becca Moczygemba
UPG Enterprises LLC announced its acquisition of Orchid Monroe LLC, a manufacturer of electrical steel laminations, electric motors and generator cores, and lamination tooling.
Wisconsin-based Orchid’s additional capabilities include engineering, prototyping, tool design and building, steel slitting, high speed lamination stamping, and annealing.
Jeffrey Dwyer, CEO of UPG, stated, “Today’s announcement is another step in UPG’s commitment to invest in the rapidly growing electrical steel market. Orchid’s unique engineering capabilities allow for our immediate expansion into the rotor, stater, transformer, and electric vehicle arena. As electric infrastructure is upgraded and market adoption of electrical steel engineered solutions continues, I am excited about the synergies and new offerings we will be able to support in the immediate future.”
Chicago-based UPG Enterprises, with 25 locations throughout North America, operates a diverse set of industrial companies focused on metals, manufacturing, distribution, and logistics.
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By Becca Moczygemba, Becca@SteelMarketUpdate.com
