Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced Monday, September 9, 2019, that it has acquired the assets and certain liabilities of Walker Die Casting located in Lewisburg, Tennessee and C&R Tool and Engineering located in Muscle Shoals, Alabama.
“We are delighted to announce the acquisitions of Walker Die Casting and C&R Tool and Engineering,” said Allison Transmission President and CEO David S. Graziosi. “Walker’s products are a critical component in the manufacture and quality of our on-highway transmissions. We plan to grow the business and continue the heritage established by Robert Walker in 1958.”
Walker produces aluminum castings and has been a supplier to Allison for 20 years. Allison is committed to continuing the 60-year-old company’s legacy. C&R Tool and Engineering is a leading supplier of metal working tools for use at Walker and other companies.
Walker Die Casting and C&R Tool and Engineering will be run as Allison Transmission plants and continue to operate in their respective locations. Walker Die Casting is the second-largest employer in Lewisburg, employing several hundred people.
In an informal meeting held at Walker Die Casting, 1125 Higgs Road, in Lewisburg on Monday, David Graziosi, President and CEO of Allison Transmission, met with local officials and the media to ensure us that Allison Transmission wants very much to uphold and honor the legacy of the Walker Family and Walker Die Casting. They have moved an Operations Manager to Lewisburg and plan to keep the business name as Walker Die Casting.
Mayors Bingham and Keny both welcomed the new owners to Lewisburg. Both are excited about the future of the plant with their new focus on growing and improving the business that is already a leader in the aluminum casting industry.
Since 1958 Walker Die Casting, Inc. has produced high-quality aluminum die castings. The Lewisburg facility produces castings for various automobile parts, commercial vehicle parts and outboard motor parts for customers throughout the United States and in various foreign countries. Walker has been owned and operated by members of the Walker family. This family and the business have been known for their quiet benevolence for generations of people in Marshall County. The company is one of the few remaining “homegrown” corporations to remain in Marshall County. John Walker, Walker Die Casting President and son of the founder said “While it is always hard to let go of the business you built, we are proud that it will remain in good hands with Allison Transmission”.