Tramont Corporation notified the Wisconsin Department of
Workforce Development on Monday that it will close its two
Milwaukee location after failing to acquire capital.
According to the notification, about 137 employees will lose
their jobs when operations are ceased at 3701 N. Humboldt Blvd.,
and 3073 S. Chase Ave., Building 25. Layoffs will start around
The company intends to enter Wisconsin Chapter 128 Receivership
and sell its assets.
Tramont Corporation attempted to acquire capital during the past
few weeks that could have helped it to remain in business,
according to the notice, or postpone the decision to go into
“Unfortunately, Tramont has been unsuccessful in in these
efforts, which led to filing for Wisconsin Chapter 128
Receivership. The company anticipates that its assets will be
sold as a going concern through the receivership proceedings,
and its objective is to secure a sale of the company’s assets by
which the owner, if any, agrees to hire all or substantially all
of the employees,” according to the notice.
Founded in 1977, Tramont Corporation is the largest manufacturer
of UL Listed diesel fuel day tanks and sub base tanks for