Friday, July 18, 2008

Large Milwaukee Company to be Listed on the Big Board


Today, it was announced that Milwaukee will add yet another Fortune 1000 company to it's already impressive resume of local business.

Milwaukee based Rexnord Holdings, owner of Falk Corp. (the plant near the Milwaukee Domes that blew up), announced today that it has filed the necessary paperwork to go public on the New York Stock Exchange with a stock offering worth up to $750 Million. With sales of approximately $1.8 Billion dollars this last fiscal year and over 7,000 employees worldwide, Rexnord will most likely join 24 other publicly owned companies in Wisconsin on the Fortune 1000 list.

http://www.reuters.com/article/marketsNews/idUSWNAB126220080718


About Rexnord:

Headquartered in Milwaukee, Wisconsin, Rexnord is a leading global multi-platform industrial company, currently comprised of two platforms; Power Transmission and Water Management, with approximately 7,400 employees worldwide. Rexnord's power transmission products include gears, couplings, industrial bearings, flattop, aerospace bearings and seals, special components and industrial chain, and conveying equipment. Rexnord's water management products include professional grade specification plumbing, water treatment and waste water control products. Additional information about the Company can be found at http://www.rexnord.com/ and http://www.zurn.com/.


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