Renco Group

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title: "Renco Group" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-established-in-1975", "investment-companies-of-the-united-states", "companies-based-in-new-york-city", "holding-companies-based-in-new-york-city"] description: "American holding company" topic_path: "economics" source: "https://en.wikipedia.org/wiki/Renco_Group" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary American holding company ::

::data[format=table title="Infobox company"]

Field	Value
name	The Renco Group, Inc.
logo	Renco group logo.png
logo_size	50
type	Private
foundation
location_city	One Rockefeller Plaza,
New York, NY
location_country	USA
key_people	Chair, CEO: Ira Rennert
President: Ari Rennert
VP Finance: Roger L. Fay
services	Security
owner	Ira Rennert
subsid	{{plainlist
* US Magnesium LLC{{cite web	url
* Inteva Products<ref name	"AMN"
homepage
::

| name = The Renco Group, Inc. | logo = Renco group logo.png | logo_size = 50 | type = Private | genre = | foundation = | founder = | location_city = One Rockefeller Plaza, New York, NY | location_country = USA | location = | locations = | area_served = | key_people = Chair, CEO: Ira Rennert President: Ari Rennert VP Finance: Roger L. Fay | industry = | products = | services = Security | revenue = | operating_income = | net_income = | assets = | equity = | owner = Ira Rennert | num_employees = | parent = | divisions = | subsid = {{plainlist|

• Baron Drawn Steel Corp.
• Doe Run Co.
• Doe Run Peru S.R.L.
• Unarco Material Handling, Inc.
• US Magnesium LLC
• Inteva Products
• AM General (–2020)
• RG Steel Corp. (defunct) | homepage = | footnotes =

The Renco Group, Inc. is an American New York City-based holding company controlled by Ira Rennert that invests in other companies across a range of industries.

History

In August 2004, it was announced that Ronald Perelman's MacAndrews & Forbes Holdings company would form a joint venture with AM General's current owner, Renco Group, to give Perelman 70% ownership of AM General. The deal reportedly cost close to US$1 billion.{{cite news |first=ANDREW ROSS |last=SORKIN |author2=DANNY HAKIM |title= Perelman Seeks Controlling Stake in Maker of Hummer |url=https://query.nytimes.com/gst/fullpage.html?res=9C07E6DF1E3CF933A2575BC0A9629C8B63 |work=New York Times |date=August 10, 2004 |accessdate=2008-05-27 }} In 2007, Renco Group lost ownership of its bankrupt subsidiary WCI Steel to its lenders. Through subsidiary Inteva Products, LLC, Renco Group purchased Delphi's Global Interiors and Closures businesses in March 2008. In June 2021, Renco Group purchased Renfro Brands, Renfro Brands is a designer, manufacturer, and marketer of socks and legwear products.

In November 2024, the group acquired Coach USA, which had gone in bankruptcy proceedings.

Pollution

The Renco Group owns various mills and mines in the United States and South America, and pollution problems at some of the company's properties have sparked public outcries, environmental lawsuits, and hundreds of millions of dollars in environmental penalties and fines. Renco subsidiary, magnesium producer US Magnesium (USM), is accused of polluting the Great Salt Lake in Utah.

Smelting operations by Renco subsidiary Doe Run Company, are responsible for elevated levels of lead, arsenic, and cadmium in Herculaneum, Missouri, and elevated levels of lead, copper, zinc, and sulfur dioxide in La Oroya, Peru. In 2007, La Oroya was listed by Blacksmith Institute as one of the "World's Worst Polluted Places".

References

References

1. (2008-05-27). "Renco Companies AM General". Renco Group.
2. (2008-03-11). "The Renco Group Completes Acquisition of Delphi's Global Interiors and Closures Businesses". [[Babcox]].
3. "The Renco Group".
4. (2007-10-17). "Renco to buy Delphi Corp. business". Vindy.com.
5. "World's Most Renowned Sock Manufacturing Company, Renfro Brands, Acquired by The Renco Group". Renfro Brands.
6. (November 5, 2024). "Coach USA sale to The Renco Group finalized; will have no impact on commuters".
7. (2007-08-12). "Poisoned city fights to save its children".
8. Fahys, Judy. (August 28, 2008). "EPA: U.S.MAGNESIUM WASTES ENDANGER WORKERS, FAMILIES, BIRDS". Healthy Environment Alliance of Utah.
9. "EPA proposal to list the US Magnesium site on the National Priorities List, with support from the Utah Department of Environmental Quality".
10. NYT, Elizabeth Stanton. (2002-02-28). "National Briefing {{!}} Midwest: Missouri: High Levels Of Lead In Children". The New York Times.
11. O'Shaughnessy, Hugh. (2007-08-12). "Poisoned city fights to save its children".
12. (Nov 6, 2006). "The Blacksmith Institute".

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