Falk rebuilds, but revenues fall

摘要

One year after a massive propane line blast killed three workers at a Falk Corp. plant in Milwaukee, the operation is back up and running, but the ensuing disruption of production cost the power transmission products manufacturer up to $54.5 million, the Business Journal of Milwaukee reports. Rexnord Corp., which owns Falk, says it recovered $18.3 million from its insurance company and received a total of $52.8 million in cash advances and commitments from the insurer to cover losses related to the accident.