Beachwood's Real Alloy Closing Wisconsin Plant

BEACHWOOD, OH — Real Alloy is closing one of its Wisconsin plants, according to a press release from the company. The move could result in the loss of 40 jobs in the area and is another move for a company negotiating bankruptcy.

Real Alloy filed Chapter 11 in November 2017. The company recently received Debtor-in-Possession financing for $265 million which will allow the business to operate uninterrupted through reorganization procedures.

The plant in Wisconsin is located in Mount Pleasant. The facility was acquired from Beck Aluminum in 2016. Production capacity from the Wisconsin plant will be moved to facilities in Michigan and Indiana, Real Alloy said.

The company said shutting down the Wisconsin plant will allow for better utilization of capital resources.

Real Alloy said it is currently on-track to receive a significant number of bids to purchase the company. The deadline for making bids on the Beachwood-headquartered business is Jan. 31, 2018.

“We have been very pleased with the progress made since our filing in November, and appreciate the support and patience of many of our customers, suppliers, and vendors throughout our restructuring," said Terry Hogan, president of Real Alloy. "Given our strong liquidity position, the support from our customers and suppliers and the favorable spread prices, we believe we are well positioned for strong performance in the future."

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