Twin Disc, Inc., a global provider of power transmission technology for marine, land-based, and oil & gas applications, has announced the lease of office space in Milwaukee, WI.
The 8,100 square foot space on the fourth floor of an office building located on Erie Street in Milwaukee’s Historic Third Ward will accommodate approximately 25 employees. The Company expects to relocate its corporate team to the new location in early 2023.
The lease of office space in Milwaukee, and the tentative sale of its location at 1328 Racine Street, are part of Twin Disc’s asset optimization strategy. “We continue to find ways to reduce our footprint and provide more value for our shareholders, customers, and employees,” said John Batten, President & Chief Executive Officer, Twin Disc, Inc. “We assessed several locations for the new office space and found that downtown Milwaukee better suits this subset of employees.”
“Having transitioned manufacturing and assembly functions to more modern and efficient facilities in the Racine area, our current space is not being fully utilized,” continued Batten. “We truly believe that the community will be better served if our building on Racine Street is redeveloped into a space that provides more jobs or amenities.”
Its Wisconsin-based manufacturing and assembly facilities, located at 4600 21st St, Racine, WI, will continue to produce industrial products, marine transmissions for the commercial and pleasure craft markets, and land-based transmissions used in off-road applications. The Company will continue operations at its North American Aftermarket Distribution Center, located in Sturtevant, WI.