Pacific Steel
The Pacific Steel Casting Company (PSC) is a steel foundry located at 1333 Second Street in West Berkeley, California. It is the third largest steel foundry in the United States, employing 350 people.[1]
The company was founded in 1934 by Douglas Genger and Ivan Johnson who had lost their jobs at General Metals in nearby Oakland as a result of the Great Depression. They bought a steel foundry in West Berkeley that had been repossessed by Wells Fargo, re-opening it as Pacific Steel Casting Company. PSC's business took off with the advent of World War II. The company added another plant in 1974, and a third in 1981.[2]
Pacific Steel lost a third of its workforce in 2011 after a U.S. Immigration and Customs enforcement audit.
In Early 2014, the company filed for bankruptcy protection[3]
August 25, 2014 Speyside Equity and Alcast Company partner to acquire Pacific Steel Castings, now called Pacific Steel Castings LLC [4]
References
- ↑ "Community Issues – Pacific Steel Casting", Berkeley City Council website
- ↑ Neighborhood News, Pacific Steel Casting newsletter, Issue 4, February 2009
- ↑ West Berkeley’s Pacific Steel files for bankruptcy, Berkeleyside, March 13, 2014
- ↑ Speyside and Alcast Partner to Acquire Pacific Steel Castings, August 25, 2014
