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Twin Disc Signs Lease Agreement for Office Location in Milwaukee

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RACINE, Wis., Sept. 23, 2022 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine, land-based and oil & gas applications, has announced the lease of an office space in Milwaukee, WI.

The 8,100 square foot space on the fourth floor of an office building located on Erie Street in Milwaukee’s Historic Third Ward will accommodate approximately 25 employees. The Company expects to relocate its corporate team to the new location in early 2023.

The lease of an office space in Milwaukee, and tentative sale of its location at 1328 Racine Street, is part of Twin Disc’s asset optimization strategy. “We continue to find ways to reduce our footprint and provide more value for our shareholders, customers and employees,” said John Batten, President & Chief Executive Officer, Twin Disc, Inc. “We assessed several locations for the new office space and found that downtown Milwaukee better suits this subset of employees.”

“Having transitioned manufacturing and assembly functions to more modern and efficient facilities in the Racine area, our current space is not being fully utilized,” continued Batten. “We truly believe that the community will be better served if our building on Racine Street is redeveloped into a space that provides more jobs or amenities.”

It’s Wisconsin-based manufacturing and assembly facilities, located at 4600 21st St, Racine, WI, will continue to produce industrial products, marine transmissions for the commercial and pleasure craft markets, and land-based transmissions used in off-road applications. The Company will continue operations at its North American Aftermarket Distribution Center, located in Sturtevant, WI.

About Twin Disc
Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government, and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. For more information, please visit www.twindisc.com.

Contact: Jeffrey S. Knutson
(262) 638-4242


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About TWIN

for nearly 100 years twin disc has been developing, engineering, manufacturing and distributing power transmission products that make things work. they are seldom seen, but they go into machines that contribute to the standard of our lives. twin disc products are installed in the drivelines and powertrains of farm tractors, road pavers, cranes, mining trucks, oil rigs, logging equipment, firefighting and rescue vehicles, pleasure craft, fishing and work boats, pumps, turbines - you name it. they manage and control the horsepower generated by internal combustion engines and electric motors. they help feed us, provide natural resources, build our cities and homes, transport us, defend us and influence our lives daily in many unnoticed but critical ways. where there's an industrial strength vehicle or machine that requires converting horsepower to productivity, twin disc has a way to do it. so, in a very real sense, twin disc has helped put the world to work, for nearly a century.