Charter Manufacturing

Charter Manufacturing

Produces steel, wire, and automotive components

Overview

Charter Manufacturing is a privately held family of metals businesses that produce steel, wire, and automotive components for automotive, construction, and industrial customers. Its products are manufactured through standard metal forming and processing steps, then supplied to clients with a focus on strong customer relationships and continuous improvement to ensure high quality and reliable delivery. The company differentiates itself through its culture of trust, empowerment, and employee engagement, which helps teams excel, innovate, and respond to challenges. Charter Manufacturing aims to deliver exceptional value to customers while protecting its team members and pursuing steady growth, even in adverse conditions.

About Charter Manufacturing

Simplify's Rating
Why Charter Manufacturing is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Mequon, Wisconsin

Founded

1936

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Simplify's Take

What believers are saying

  • Charter acquired Niles Iron in July 2024, strengthening scrap sourcing and Midwest scale.
  • Charter Steel posted 2025 investments in wire draw capacity, solar power, and energy efficiency.
  • Niles and Charter together support over 2,300 employees, broadening customer coverage and recruiting appeal.

What critics are saying

  • Setliff v. Charter Manufacturing moved to Wisconsin federal court in 2025, extending legal distraction.
  • Charter's 2026 leadership changes, including Tom Marry's retirement, signal transition risk.
  • Steel manufacturing remains capital-intensive; any mismatch between scrap supply and demand hits margins fast.

What makes Charter Manufacturing unique

  • Charter vertically integrates steel, wire, castings, and scrap through Niles Iron since 2024.
  • Family ownership since 1936 sustains long-term capital decisions and customer continuity.
  • Charter Steel's SBQ and EV-component expertise targets demanding automotive and industrial buyers.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Time Off

Life Insurance

Disability Insurance

Company News

PR Newswire
Jul 30th, 2024
Bgl Announces The Sale Of Niles Iron Metal Company To Charter Manufacturing

New partnership brings together two family-owned companies with a combined 200+ years of experience in the metals industryCHICAGO, July 30, 2024 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Niles Iron & Metal Company (Niles Iron), a leading regional scrap metal recycler, to Charter Manufacturing, a diversified metals manufacturer. BGL's Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Niles Iron in the transaction.The transaction highlights BGL's experience advising businesses that operate in the ferrous and nonferrous scrap metal processing industry.The partnership brings together two family-owned companies with a combined 200+ years of experience in the metals sector. Post this Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Niles Iron & Metal Company (Niles Iron), a leading regional scrap metal recycler, to Charter Manufacturing, a diversified metals manufacturer. BGL’s Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Niles Iron in the transaction.Founded in 1917, Niles Iron is strategically located to serve wide supplier bases and consumers throughout the Midwest and Northeast. The company has two locations in Niles, Ohio. One yard, situated on 52 acres, is devoted to the purchase, processing, storage, and transportation of all grades of iron and steel scrap

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