Economy

UPG Enterprises Acquires Orchid Monroe

Written by Becca Moczygemba

August 2, 2022

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.

Have some news or just want to talk shop? Email me! 

By Becca Moczygemba, Becca@SteelMarketUpdate.com

Becca Moczygemba

Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.

Read more from Becca Moczygemba

Latest in Economy