Renco Group
| The Renco Group, Inc. | |
|---|---|
| legal form | Inc. |
| founding | 1975 |
| Seat |
New York City , New York United States
|
| management | Ira Rennert (President, Chairman and CEO ) |
| Branch | Holdings |
| Website | www.rencogroup.net |
The Renco Group is a US investment company headquartered in New York City . The group includes several industrial companies such as AM General , Inteva Products and the Doe Run Company .
One year after it was founded in 1975 by Ira Rennert , the first company was taken over, the sewing machine manufacturer Consolidated Sewing Machine Corporation. Further acquisitions of mechanical engineering and mining industry companies followed. In 1992 Renco took over the vehicle manufacturer AM General from LTV Corporation . AM General was jointly owned and controlled by Ronald Perelman from 2004 onwards by Renco and MacAndrews & Forbes Holding .
By taking over a larger part of the Delphi Corporation in 2008, the company Inteva Products was created, which today is one of the largest automotive suppliers in the world and is wholly owned by Renco.
In 2013, the Renco group of companies was listed on the Toxic 100 Index by the Political Economy Research Institute at the University of Massachusetts Amherst . The Doe Run Company, a promoter and processor of lead, is jointly responsible for this.
According to its own information, the entire group of companies achieved sales of five billion US dollars in 2016 with 12,000 employees. The affiliated companies of the group have branches in North and South America, Europe and Asia.
Individual evidence
- ↑ Bloomberg: Ira Rennert , accessed March 13, 2019
- ↑ Reuters: Perelman firm sues billionaire Rennert , accessed on March 14, 2019
- ^ Renco: History , accessed March 14, 2019
- ^ Renco: Firm Fact Sheet , accessed March 14, 2019
- ↑ Renco: Current Locations , accessed March 14, 2019