CRI Fabricators New Management Team Acquires CR Industries

A trio of investors has acquired CR Industries Inc., a longtime metal fabricating shop in Cudahy. With the acquisition, the company’s name is being changed to CR Industries, LLC. The plant remains at its location at 5757 S. Pennsylvania Ave.

The new owners are industry veteran executives Rich Ballenger and Erik Thompson and equity investor Steve Adkins. Ballenger and Thompson are managing the firm. Ballenger previously served as president of Cudahy-based Lucas-Milhaupt Inc., where Thompson also served as general manager.

“We were looking for an investment opportunity, and this company checked all of our boxes,” Ballenger said. “It’s in manufacturing, which is what I know. It’s based in southeastern Wisconsin. It has great potential for continued growth. And it has a good corporate culture.” Ballenger and Thompson are transforming the company into a full-service metal design and fabricating shop with welding, powder coating and packaging capabilities.

Courtesy of CRI Fabricators.

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Sara Mathov is a feature editor contributing to Valve World Americas, Stainless steel World Americas and other related print & online media.