Wisconsin manufacturer to close, laying off 67 employees after failed sale attempt
MILWAUKEE, Wis. (WFRV) – A longtime Wisconsin manufacturer specializing in custom steel forgings will permanently close its facility and lay off 67 employees later this year.
According to a Worker Adjustment and Retraining Notification (WARN) letter submitted to the Wisconsin Department of Workforce Development (DWD), Milwaukee Forge, located at 1532 East Oklahoma Avenue, will shut down operations following an unsuccessful effort to sell the company.
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Michael S. Polsky was appointed as receiver of Milwaukee Forge, LLC and MF Real Estate Holdings, LLC on March 25, 2025. Since then, Polsky and a financial consultant have worked to sell the company's assets as a going concern through a court-supervised receivership proceeding. Despite those efforts, a sale could not be secured.
As a result, a mass layoff and plant closure will occur, with employee separations set to begin on or after August 18, 2025. All health care benefits for employees will also terminate as of that date.
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The company stated that all employee positions will be permanently eliminated, and bumping rights will not apply, as all roles at the facility are being cut.
Milwaukee Forge is known for its use of closed-die and hammer forging techniques to manufacture custom steel components.
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