Charter Manufacturing Company: Purchases Mequon office building

Evan Zeppos
414-491-6610
ezeppos@laughlin.com

Charter Manufacturing Company, a privately held metals manufacturing leader, today announced it has purchased a Mequon office building at 12121 Corporate Parkway in an initiative aimed at providing more space for employees in one location and enhancing collaboration.

The building, conveniently located in the same business park as Charter’s current headquarters, will initially house about 115 members of Charter’s information technology, human resources and finance teams. The sale was finalized on August 1, 2016, and the first group of Charter employees is expected to start moving into the new building September 1st and continue in phases through early winter.

Approximately 70 employees will move from Charter Manufacturing’s headquarters and another nearby company-owned building, both of which are on West Glen Oaks Lane in Mequon, and they will be joined by about 30 other associates currently working at Charter Steel in Saukville. The company’s executive leadership team will stay in its current headquarters building.

“Teamwork is one of Charter’s core values, and acquiring this building offers an excellent opportunity to provide needed space and bring employees together in an atmosphere of collaboration and connectedness with an eye to the future,” said John W. Mellowes, Charter Manufacturing CEO. “Growing into a new building is an important milestone for our fourth-generation, family-owned company, and we’re proud to be expanding our presence in Mequon, which has been home to our company headquarters since 1981.”

Terms of the transaction were not disclosed.

About Charter Manufacturing

Charter Manufacturing, headquartered in Mequon, Wis., is a privately held family of companies that has been providing quality steel and steel components since 1936. Financially strong, disciplined and forward thinking, the Charter family includes more than 2,000 employees who work across four businesses:

Charter Steel, the leading American supplier of carbon and alloy steel bar, rod and wire products with distribution and manufacturing facilities in Wisconsin and Ohio.

Charter Wire, a major supplier of precision, cold-rolled custom profiles, flat wire and standard shapes with facilities in Milwaukee.

Charter Automotive (formerly Milwaukee Wire Products), a full-service supplier of engineered components for engine, transmission and driveline applications with facilities in Milwaukee, the United Kingdom and China.

Dura-Bar, the world leader in the production, technology and application of continuous cast iron bar stock and Dura-Bar Metal Services, distributor of Dura-Bar products and bronze alloys. The Dura-Bar companies have facilities in Illinois, Pennsylvania, North Carolina and China.