BNET Industries
Last Fiscal Year Sales:$3.5B
- Private
- US
Dow Jones Description
The Renco Group, Inc. is a private holding company with affiliated operating companies that do business in a variety of industries, including mining, mineral recovery, automotive assembly and fleet support, and metals production and fabrication. The Renco Group's affiliated companies, thanks to their skilled management and workforces, have experienced great growth in several areas. The Renco Group has provided financial capital and commitments and management advice to its affiliated companies over the years to aid their growth. Since the Renco Group's formation in 1986, sales by Renco Group-affiliated companies have increased to more than $2 billion. Assets, too, have grown to more than $2.4 billion. Over the years, the Renco Group has grown from within as well as through targeted acquisitions. Most of the Renco Group's acquisitions in the past 20 years have been metal and commodity related, including steel, metal fabrication, and mining companies, as well as lead, zinc, copper, silver, and gold processors. The Renco Group's other major purchase has been AM General LLC, which manufactures and assembles HUMVEE military vehicles and civilian HUMMERs . The Renco Group has chosen to acquire companies for cash and generally retains existing management with incentives. Each company is separate, and management enjoys significant autonomy. The Renco Group is a long-term investor and supports capital investments at each of its companies. ...
Chairman and CEO
Ira Leon RennertNumber of Employees 13,500
Peer Companies
NAICS Code Iron and Steel Mills: 331111
News & Analysis
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renco group inc. - All News and Analysis
Rennert's bid for Delphi unit illustrates evolving market.(News)
- 2007-02-26
Byline: Rhoda Miel And now there are three. With his Feb. 20 bid to buy the interiors and closures unit of auto supplier Delphi Corp., Ira Rennert has joined fellow billionaire investors Wilbur Ross and Carl Icahn as the newest and most...
Delphi finds a buyer for its interiors unit.(Suppliers)(United States. Bankruptcy Court)(Delphi Corp.)(Renco Group Inc.)
- 2007-02-26
Byline: Philip Nussel New York industrialist Ira Rennert has been named the leading bidder for Delphi Corp.'s interiors business. Delphi, which is trying to sell noncore businesses as part of its Chapter 11 reorganization, announced Tuesday, Feb. 20, that it had ...
Delphi Signs Non-Binding Term Sheet With the Renco Group for Sale of Interiors and Closures Business
- 2007-02-20
Delphi Corporation (PINKSHEETS: DPHIQ) announced today that it has signed a non-binding term sheet with The Renco Group, Inc. for the sale of its Interiors and Closures business. This non-binding term sheet signals the initiation of a comprehensive due diligence period, including consultations with customers and unions, aimed at the...
Warren, Ohio-based steel firm workers vote to ratify contract agreement.
- 2004-07-16
By Peter H. Milliken, Vindicator, Youngstown, Ohio Knight Ridder/Tribune Business News Jul. 16--WARREN, Ohio -- The president of the union representing workers at WCI Steel said he thinks Thursday's ratification vote will help speed up WCI's emergence from bankruptcy. ...
Warren, Ohio, Steel Firm's Bondholders File Alternative Reorganization Plan.
- 2004-05-14
By Cynthia Vinarsky, Vindicator, Youngstown, Ohio Knight Ridder/Tribune Business News May 14--WARREN, Ohio -- A group of creditors vying for the right to buy WCI Steel out of bankruptcy would get up to 88 percent equity in the new company and a...
Court to Hear Warren, Ohio-Based Steel Maker Bankruptcy Plan.
- 2004-05-04
By Cynthia Vinarsky, Vindicator, Youngstown, Ohio Knight Ridder/Tribune Business News May 4--WARREN, Ohio -- WCI Steel is expecting plenty of support in federal bankruptcy court today in its fight for the exclusive right to submit a reorganization plan and emerge from bankruptcy...
Ruling Allows Bondholders to Sue Youngstown, Ohio-Based Steelmaker.
- 2003-12-31
By Cynthia Vinarsky, Vindicator, Youngstown, Ohio Knight Ridder/Tribune Business News Dec. 31--YOUNGSTOWN, Ohio--A federal bankruptcy court judge has given WCI Steel's bond holders the right to file a lawsuit to try to stop the beleaguered company from funneling millions of dollars into...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Patrick G. Tatom | COO & Executive Vice President |
| Marvin Koenig | Executive Vice President |
| Roger Fay | Vice President, Finance |
| Bruce Neil | |
| Gary Slater | |
| James A Armour | |
| Jeffrey L Zelms | |
| Michael H Legge | |
| Timothy J Dillon |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Ira Leon Rennert | Chairman and CEO |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Chairman and CEO | Current |
| AM General, LLC | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| WCI Steel, Inc. | President and Chief Executive Officer | Current |
| Renco Group Inc. | COO & Executive Vice President | Current |
| Jcu Hockey | Assistant Coach | Current |
| WCI | chief operating officer | Former |
| WCI | executive vice president | Former |
| WCI Steel, Inc. | general manager of sales | Former |
| Marietta College | bachelor's degree in business and marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Current | |
| University of San Francisco | B.S. in Business | Former |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Current | |
| Ltv Corp | Director | Former |
| Ltv Corp | AM General | Former |
| Peace Corps | Former |
| Organization | Position | Status |
|---|---|---|
| The Doe Run Company | Vice Chairman and Chief Executive Officer of Doe Run | Current |
| Renco Group Inc. | Current | |
| Missouri University of Science and Technology | bachelor's degree in mining engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Current | |
| US Magnesium LLC | Former | |
| Phelps Dodge Corporation | Former | |
| The University of Arizona | masters of business administration degree | Former |
| Organization | Position | Status |
|---|---|---|
| Renco Group Inc. | Current | |
| GS Industries Inc. | Former | |
| Miami University | business education graduate | Former |
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