Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Ludman Industries, based in Milwaukee, Wisconsin acquired Northern Machine and Technologies of Wabeno, WI., a former division of the Cudahy based American Welding and Manufacturing. The new name of the division will be known as Northern Machine and Engineering.
The personnel and equipment will be relocated into the Ludman manufacturing plant in Milwaukee.
Ludman also has a contract division to manufacture OEM parts for customers in the greater Midwest.
“The addition of Northern Machine will complement our high quality contract machining division and increase our capabilities for our broad base of customers” said James Lenahan, President & CEO of Ludman Industries.
Ludman Industries (formerly known as Ludman Machine Company), was founded in 1968 as a manufacturer of Compactors, Briquetters, Granulators and Flaking & Shredding Mills. Providing complete agglomeration process solutions from testing, design and production through distribution to customer support. Forging innovation, building quality, Ludman Industries is a world leader in the mining, wastewater treatment, farming, chemical and food industries.
