Tag Archives: Bucyrus

South Milwaukee Business: Eaton Acquires Cooper Industries

The world of big-time mergers and acquisitions continues to impact South Milwaukee companies.

Last year, it was Bucyrus International. Now, it’s Cooper Power Systems, another of the city’s largest employers. It’s being acquired by Eaton Corp.

Check out The Business Journal story here.

Hopefully the acquisition will lay the foundation for future growth in South Milwaukee, just as it appears Caterpillar’s purchase of Bucyrus has. But only time will tell, I guess.

What do you think of the deal? Post your comments below!

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Local Headlines: Caterpillar Sells More Of The Bucyrus Distribution Business And More

Check out these headlines from around the South Shore:

And click here to see Oak Creek Patch photos from Saturday’s performance by the University of Wisconsin marching band at the South Milwaukee Performing Arts Center.

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Sullivan Turns Focus To Worker Training

Former Bucyrus CEO Tim Sullivan has long championed worker training as a key issue for growing Wisconsin’s economy.

Now, according to the Milwaukee Journal Sentinel, he is “drafting set of recommendations that will change how Wisconsin allocates hundreds of millions of dollars each year in federal job training funds and simultaneously reform the state’s education system.”

“It’s a big task with a lot of moving parts,” he told the newspaper.

Is it ever.

One key part of Sullivan’s work is taking a fresh look at high school curriculum, better matching student skills with companies’ needs — something that I know the South Milwaukee School District is already focused on as part of its long-range planning process. From the newspaper:

He cited a study by Georgetown University that found that Wisconsin will need an estimated 925,000 skilled workers by 2018 just to replace those on the verge of retiring or meet the creation of new jobs. At least 588,000 of those jobs will require a minimum of a two-year technical training degree.

But the state’s schools don’t produce those numbers – which is all the more troublesome in a state that leads the nation in per-capita manufacturing employment, Sullivan said. Starting in the 1980s, many high schools discontinued shop classes, industrial arts, and trade and technical schools. Educators, parents and students focused on curriculum that prepared students for four-year college degrees, even though a degree in the humanities will not land anyone a job on a production line, he said.

That will require a new approach to the way high schools structure their curriculum. It also means a renewed educational push in grade school to supply high schools with students that have basic math and reading skills.

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Caterpillar Integration: Eight Months Later, Leaders Look Back

The Milwaukee Journal Sentinel has a story in Sunday’s business section about the impacts of Caterpillar’s acquisition of Bucyrus International last year.

It paints an overwhelmingly positive picture.

Check it out here. From it:

Caterpillar has added about 200 jobs in South Milwaukee since it acquired Bucyrus and now has 1,600 employees. The company is spending $6 billion on capital expenditures, much of it in the mining equipment division.

“We have invested hundreds of millions of dollars in our U.S. manufacturing plants. We are confident that, for a lot of our products, it makes sense to have a large North American presence,” Wunning said.

Last July, it seemed as if 131 years of Bucyrus history was wiped clean when Caterpillar took over, dropped the Bucyrus name and rebranded everything in its own name.

The change seemed sudden, but Caterpillar spent months preparing for it.

The Peoria, Ill., company wanted one face for the mining division, not two, Wunning said of dropping the Bucyrus name.

“We can grow our businesses faster together than we could individually,” he said.

I’d like to know what you think. Post your comments below, and vote in the poll!

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New State Post For Sullivan

Gov. Scott Walker’s newest adviser is former Bucyrus CEO Tim Sullivan.

Sullivan will head Walker’s office of business development, it was announced Thursday.

Check out coverage in the Journal Sentinel and the Business Journal, and here is the press release.

From the release:

Job creators from all across Wisconsin have identified a skills gap between the jobs they have available and the workers applying to fill them. Manufacturers, in particular, identify this skills gap as one of the top barriers to business growth. Similarly, our technical colleges report difficulty in filling many of their manufacturing training courses with qualified students. That’s why Governor Walker has worked closely with the Wisconsin Economic Development Corporation and the Department of Workforce Development on ongoing strategies for tackling the problem.

To help develop and drive these strategies across a variety of agencies and institutions, the Administration is utilizing the expertise of a consultant who brings a track record of private sector success and vast experience and understanding of the workforce development issues job creators look at when deciding where to grow.

As Special Consultant for Business and Workforce Development, Sullivan will be help identify barriers to business development and job growth in Wisconsin. He will focus especially on workforce, employment environment, and policy issues. He will also help identify and cultivate business prospects for expansion and relocation to Wisconsin.

Sullivan will also head up the Office of Business Development, serve as Chairman of the Council on Workforce Investment and as member of the College and Workforce Readiness Council. Sullivan is serving the state as a volunteer.

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Sullivan: No On Gubernatorial Bid, U.S. Senate Bid “Unlikely”

I just came across a recent Business Journal story on Tim Sullivan’s political future.

The former Bucyrus CEO told the newspaper that a run against Gov. Scott Walker in a gubernatorial recall election is not in the cards, and he said a bid for the U.S. Senate in 2012 is still uncertain at best.

Check out the story here, keeping in mind that in the print edition of this story, Sullivan labeled his chances at running to replace Sen. Herb Kohl “unlikely.”

What do think of Sullivan as a candidate? Post your comments below!

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Sullivan To Lead Mining Committee

Former Bucyrus CEO Tim Sullivan has kept a relatively low profile in the past couple of months, following the closing of the Caterpillar deal.

He did speak briefly at an event on Sept. 24 unveiling the Bucyrus plaque being erected at Heritage Park on 10th and Milwaukee Avenues.

Now, Sullivan has been named chairman of a group studying the mine regulatory process and pushing for legislation to streamline the approval process.

Here is the story. From it:

Sullivan said the association would not lobby for legislative changes, not serve as a conduit to funnel political donations and wouldn’t fund advertising touting the benefits of mining to the Wisconsin economy.

The association also would not accept funding or be represented on the board by Gogebic, Sullivan said.

“We want to be completely independent of any potential investors (in the mine),” Sullivan said.

The association expects to provide data and information that shows how iron ore mining can be done without harming the environment, Sullivan said.

Sullivan said the association isn’t being formed solely because of Gogebic, noting that Aquila Resources, a German company, began exploring for gold in Marathon County in June.

“It’s pretty clear that commodity prices are driving all of this interest right now,” Sullivan said.

As I’ve posted before, this pending legislation has me concerned, especially if it means a significant reduction in environmental reviews done before a mine is built, as previous legislation floated did.

I hope lawmakers find the right balance on this issue. I fear they won’t.

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