The Sivyer Steel story began over 100 years ago in Milwaukee, Wisconsin. Operations moved to Bettendorf, Iowa in 1962 where Sivyer has produced the highest quality steel casting products for use in the global construction, energy, military, mining and transportation industries. But, earlier in this decade economic uncertainty, foreign competition and other factors resulted in weakening demand for steel casting products and a slowdown in Sivyer business volumes. In response, a pro-active management team took decisive action to reposition Sivyer and ensure the company’s long-term viability.
Under the protection of a bankruptcy filing in March 2018, management implemented a plan to re-structure finances, update production and ramp-up sales efforts. The market response was favorable. Customer orders increased, and jobs were preserved. As a result, the company emerged from bankruptcy within months, reinvigorated by new, locally-based ownership and experienced “turnaround” operational executive leadership. Today, Sivyer Steel Castings is more robust and more competitive than ever.
Sivyer Steel Castings is a new company positioned to meet the needs of the industry. The next 100 years start now!
Our Local Ownership
Our new ownership has the experience and drive to make our foundry thrive with their knowledge of the manufacturing industry and regional economy.
Scott Tinsman, Jr. – Tinsman is Chief Operating Officer of Twin State, Inc., Partner of Twin State Technical Services, Ltd., and Chairman of Rock River Lumber and Grain. Tinsman has been an active member of the Quad Cities community for decades. He is a past President of the Bettendorf Community School District
John Lorentzen – John Lorentzen is an attorney and co-founder of Chicago-based Ashland Capital Partners, LLC
Joel Lorentzen – Joel Lorentzen and his family reside in nearby Rock Island, Illinois. He is the former CEO of Genesis Systems Group, LLC of Davenport and the current President of Crestwood Capital Management, Inc. of Rock Island
Our Experienced Leadership Sets Us Apart
Sivyer Steel Castings takes pride in our strong, dedicated, and hardworking leadership team. As worldly-minded leaders, we can serve our community, as well as our global customers. Our executive team is top-notch and ready for any challenges or opportunities they may encounter.
Our CEO – Baxley resides in LeClaire, Iowa, less than 10 miles from the Sivyer facility. Beyond local perspective, Baxley brings a proven track record of business ‘turn-around” success
Our President – Kramer, also of LeClaire, Iowa, will remain with Sivyer Steel Castings as President. His experience includes small to medium sized companies, both publicly and privately held.
These are just a few of the people who make Sivyer Steel Castings run daily. All our employees are valuable assets and integral parts of the steel casting process. Sivyer Steel Castings has a passion for steel casting, and we want to make our customers feel confident in all products we produce. Our employees are the ones who make that happen. To meet our entire executive team, click here.