Renco Group
| Company type | Private |
|---|---|
| Founded | 1975; 50 years ago (1975) |
| Headquarters | One Rockefeller Plaza, , New York, NY USA |
Key people | Chair, CEO: Ira Rennert President: Ari Rennert VP Finance: Roger L. Fay |
| Services | Security |
| Owner | Ira Rennert |
| Subsidiaries |
|
| Website | rencogroup.net |
The Renco Group, Inc. is an American New York City-based holding company controlled by Ira Rennert that invests in other companies across a range of industries.[3]
History
[edit ]In August 2004, it was announced that Ronald Perelman's MacAndrews & Forbes Holdings company would form a joint venture with AM General's current owner, Renco Group, to give Perelman 70% ownership of AM General. The deal reportedly cost close to US1ドル billion.[4] In 2007, Renco Group lost ownership of its bankrupt subsidiary WCI Steel to its lenders.[5] Through subsidiary Inteva Products, LLC, Renco Group purchased Delphi's Global Interiors and Closures businesses in March 2008.[2] In June of 2021 Renco Group purchased Renfro Brands, Renfro Brands is a designer, manufacturer, and marketer of socks and legwear products.[6]
In November 2024 the group acquired Coach USA, which had gone in bankruptcy proceedings.[7]
Pollution
[edit ]The Renco Group also owns various mills and mines in the United States and South America, and pollution problems at some of the company's properties have sparked public outcries, environmental lawsuits, and hundreds of millions of dollars in environmental penalties and fines.[8]
One Renco subsidiary, magnesium producer US Magnesium (USM), is accused of polluting the Great Salt Lake in Utah.[9] [10]
Smelting operations by another Renco subsidiary, Doe Run Company, are responsible for elevated levels of lead, arsenic, and cadmium in Herculaneum, Missouri,[11] and elevated levels of lead, copper, zinc, and sulfur dioxide in La Oroya, Peru.[12] In 2007, La Oroya was listed by Blacksmith Institute as one of the "World's Worst Polluted Places".[13]
References
[edit ]- ^ "Renco Companies AM General". Renco Group. 2008年05月27日. Archived from the original on 2008年03月12日. Retrieved 2008年05月27日.
- ^ a b "The Renco Group Completes Acquisition of Delphi's Global Interiors and Closures Businesses". aftermarketnews.com. Akron, OH: Babcox. 2008年03月11日. Archived from the original (aspx) on 2013年01月16日. Retrieved 2008年05月27日.
- ^ "The Renco Group". www.rencogroup.net. Retrieved 2018年04月18日.
- ^ SORKIN, ANDREW ROSS; DANNY HAKIM (August 10, 2004). "Perelman Seeks Controlling Stake in Maker of Hummer". New York Times. Retrieved 2008年05月27日.
- ^ "Renco to buy Delphi Corp. business". Vindy.com. 2007年10月17日. Archived from the original (php) on 2011年07月23日. Retrieved 2008年05月27日.
- ^ "World's Most Renowned Sock Manufacturing Company, Renfro Brands, Acquired by The Renco Group". Renfro Brands. Archived from the original on 2024年12月06日. Retrieved 2025年03月08日.
- ^ "Coach USA sale to The Renco Group finalized; will have no impact on commuters". Bus & Motorcoach News. November 5, 2024.
- ^ "Poisoned city fights to save its children". The Guardian . 2007年08月12日. Archived from the original on 2023年06月08日.
- ^ Fahys, Judy (August 28, 2008). "EPA: U.S.MAGNESIUM WASTES ENDANGER WORKERS, FAMILIES, BIRDS". Healthy Environment Alliance of Utah. Archived from the original on August 17, 2011. Retrieved April 18, 2018.
- ^ "EPA proposal to list the US Magnesium site on the National Priorities List, with support from the Utah Department of Environmental Quality". Archived from the original on 2010年05月09日. Retrieved 2010年04月30日.
- ^ NYT, Elizabeth Stanton (2002年02月28日). "National Briefing | Midwest: Missouri: High Levels Of Lead In Children". The New York Times. ISSN 0362-4331 . Retrieved 2018年04月18日.
- ^ O'Shaughnessy, Hugh (2007年08月12日). "Poisoned city fights to save its children". the Guardian. Retrieved 2018年04月18日.
- ^ "The Blacksmith Institute". Nov 6, 2006. Archived from the original on 6 November 2006.
