PRB

PRB, Belgium. When PRB (Poudres Réunis de Belgique) went bankrupt, we purchased all assets of three locations. HIA liquidated all defense related assets, developed the industrial sites, leased the buildings and continued to operate the closed die forging activities in Mechelen under the name "Belgium Forge.” HIA operated the business as a supplier to the truck, tractor and construction machinery manufacturers. We employed 40 employees and secured orders from most of the former customers. After seven years, we sold Belgium Forge to a Spanish steel and forging group.