Rexnord Corporation is a

Milwaukee Milwaukee ( ), officially the City of Milwaukee, is both the most populous and most densely populated city in the U.S. state of Wisconsin and the county seat of Milwaukee County. With a population of 577,222 at the 2020 census, Milwaukee is ...

Wisconsin Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake M ...

-based subsidiary of

Regal Rexnord Corporation Regal Rexnord Corporation, usually referred to as just Regal Rexnord, is a manufacturer of electric motors and power transmission components headquartered in Beloit, Wisconsin. The company has manufacturing, sales, and service facilities through ...

. It was founded in 1891 by Christopher Levalley and incorporated in 1892 as the

Chain Belt Company Chain Belt Company was an agricultural equipment manufacturer in the US. It produced chain belts specifically to replace leather-based belts, which were used inside engine-powered agricultural equipment at the time. History The company was esta ...

. It had "$67.5 million in profit and $1.9 billion in sales" in 2016. The company was the focus of a critical investigation by the New York Times, as a Milwaukee based facility was to be moved from the US to Mexico in 2017.

History

Rexnord was founded as the

by inventor Christopher W. Levalley at the age of 58. Levalley, along with Chain Belt co-founders F.W. Sivyer and W.A. Draves, held the first board of directors meeting on September 9, 1891. Chain Belt was incorporated in the state of Wisconsin on February 24, 1892. Rexnord Corporations consists of two main divisions: Process and Motion Control (which focuses on industrial drives, gears, bearings, conveying systems, electronic controls, and associated software, as well as airplane mechanical parts), and Water Management (which is focused on plumbing components and related appurtenances for commercial, industrial, municipal, and institutional settings). In 2016, Rexnord opened its new Water Management platform headquarters in Milwaukee, Wisconsin. In December 2016, President-elect

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pe ...

criticized the company for closing its Indianapolis operations, leaving all 300+ employees at the facility without jobs, as they moved the facility to Monterey Mexico to capitalize on the cheap labor available in the region. Im April 2021, Rexnord completed the spin-off of its Water Management Division as ''Zurn Water Solutions Corporation''. In October 2021, Rexnord completed its merger with Regal Beloit Corporation, creating Regal Rexnord Corporation.

References

Companies based in Milwaukee {{Wisconsin-stub