Investment Group purchases Rane Precision Die Casting plant
Kentucky Industrial Holdings, Inc. has purchased the Rane Precision Die Casting facility in Russellville, Kentucky, saving 200 jobs. The new owners are rebranding the company as Russellville Engineered Castings Inc.
The former Rockwell plant specializes in aluminum castings for automotive and other industries. Founded in 1956 as a captive die caster for Rockwell Corp., the company was formerly known as Precision Die Casting and was sold in 1989. That began a string of ownership and name changes with Rane Group of India purchasing the company in 2016.