Metals and Mining
Company Overview of The Renco Group, Inc.
The Renco Group, Inc., through its subsidiaries, is engaged in mining and mineral recovery, defense equipment, steel and other metals production/fabrication, and automotive supply and retail businesses. It designs, engineers, manufactures, and supports special-purpose vehicles for military and commercial customers; and engages in minerals exploration, mining, smelting, recycling, and fabrication to provide zinc and copper concentrates, lead metals and alloys, chemical and copperized lead, lead-calcium alloys, and wrought strips for use in car batteries, shielding for medical and military purposes, and communications and energy storage technologies. The company also engages in metal mining, s...
One Rockefeller Plaza
New York, NY 10020
Founded in 1975
Key Executives for The Renco Group, Inc.
Chief Executive Officer of The Doe Run Company and President of The Doe Run Company
Chief Executive Officer of US Magnesium LLC and President of US Magnesium LLC
Chief Executive Officer of Rg Steel and President of Rg Steel
Compensation as of Fiscal Year 2012.
The Renco Group, Inc. Key Developments
Pension Benefit Guaranty Corporation Sues The Renco Group, Inc. for $97 Million in Pension Liabilities
Jan 29 13
The Pension Benefit Guaranty Corporation filed a lawsuit seeking $97 million from The Renco Group Inc. and its affiliates for attempting to evade their pension obligations. The New York-based holding company had a controlling interest in RG Steel, which sponsored two pension plans with about 1,350 people. In January 2012, Renco sold 24.5% of its ownership stake in RG Steel to an affiliate of the New York-based investment firm Cerberus Capital Management, L.P. Renco reduced its ownership stake in an attempt to free itself from responsibility for RG Steel's pension debts. Filed in the U.S. District Court in Manhattan, the complaint said that PBGC raised concerns about the transaction, and held back on terminating the plans after Renco gave assurances that no transaction changing its ownership status was imminent.
The Renco Group, Inc. Appoints Michael C. Ryan as Vice Chairman, Effective January 1, 2013
Nov 26 12
The Renco Group, Inc. announced that former Cadwalader, Wickersham & Taft LLP partner Michael C. Ryan will join the company in the position of Vice Chairman on January 1, 2013. At Cadwalader, Mr. Ryan has represented Renco since 1995. During his 38 years at the firm, Michael practiced corporate law with a focus on mergers and acquisitions, securities law and general corporate representation. Michael has significant experience structuring complex corporate transactions, domestic and international joint ventures, and negotiating acquisitions of publicly and privately traded businesses. Michael also spent several years as Chairman of Cadwalader's Corporate Department and member of the firm's Management Committee.
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