Archive for October 11, 2017

EGI Hurricane Harvey Update

Ellwood operations in Houston, Beaumont, and Navasota were quickly restored and made fully operational following the devastating impact of Hurricane Harvey.

Many employees, however, suffered serious losses to their homes, furnishings, vehicles, and other belongings.  Thankfully, all are safe and no one was seriously injured.

As a show of concern and support, EGI shareholders, employees, vendors, and customers donated a substantial sum of money that was distributed to affected employees to help ease the financial impact of the devastation.

EGI expresses gratitude for the generosity of those who contributed and wishes our fellow employees who experienced these losses a speedy recovery.  

 

Ellwood Group, Inc. (EGI) in agreement to acquire the assets of Wolf Creek Machine, Inc. of Grove City, PA

With an effective date of October 9, 2017 Ellwood Group has agreed to purchase the assets of Wolf Creek Machine Inc., a Grove City based specialist in machining large forgings. WC Machine will become an operating unit of EGI’s open die forging business, the Ellwood City Forge Group (ECFG).

The acquisition of Wolf Creek Machine will add valuable machining capability and capacity to Ellwood City Forge Group and allow for continued growth in strategic markets. WC Machine will be led by General Manager Brendan Noone and supported by Bill Nardone, VP of Operations, and the rest of ECFG’s capable team.

We welcome WC Machine to the Ellwood City Forge Group and look forward to growing our future together.

Scott Boyd
President
Ellwood City Forge Group