Omaha Steel Castings Company LLC announced this week that its CEO has purchased the company.
Kevin Brown, who has led the Wahoo-based manufacturer since June 2014, bought the company from Allan Lozier. Terms of the deal, which closed on Jan. 1, were not disclosed.
“I am very appreciative of the confidence shown in me by Allan with this sale,” Brown said in a news release. “His belief in and support of Omaha Steel has been critical over these last four years.
The company relocated to a new facility in Wahoo in 2014 after operating for more than 100 years in Omaha. It employs more than 150 people.
Lozier, an Omaha businessman, bought the company from Phil Teggart in 2014.
Omaha Steel Castings creates metal parts for companies such as Caterpillar. It began making plans in 2011 to move its operations from Omaha to Wahoo. In March 2012 the city of Wahoo annexed the land for the new foundry and in April ground was broken on the site of the new facility.