Search results in tag Closures

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Judge Approves Sale of RG Steel Yorks...

by wirelinks on 08/16/2012 - 05:47 pm
Tags: Closures, Press Release

A federal bankruptcy judge in Delaware has approved the sale of RG Steel's assets at its Yorkville, Ohio, facility to Esmark Steel Group.

 

 

Esmark bid $4.75 million for the Yorkville assets last month, agreeing to offer jobs to at least 230 employees at the site. Esmark offered an additional $400,000 for mineral interests related to the Yorkville sale.

 

 

The judge approved the sale at a hearing Wednesday, Aug 15th 2012.   RG Steel also is seeking court approval of the sale of facilities in Sparrows Point, Md., and Warren, Ohio.

 

 

Hilco Industrial, a company that specializes in industrial liquidations, submitted a top bid of $72 million ...

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Holland Wire Plant to be Consolidated...

by wirelinks on 08/04/2012 - 05:59 pm
Tags: Closures, Press Release

Holland Wire Products Inc. will be consolidated into a North Carolina plant, a company spokesman confirmed, affecting jobs for nearly 40 Holland workers.

"

 

We didn't need two plants running at under-capacity," said Bobby Bush, spokesman for Hickory Springs Manufacturing Co., which owns Holland Wire Products as a wholly-owned subsidiary. "The decision about our Holland wire plant was not a easy one."

 

 

The decision means that 39 hourly and salaried employees have a choice between losing their jobs or re-locating to a plant near Hickory Spring's headquarters in North Carolina.  The equipment from the Holland plant at 955 Brooks Ave. will be packed up and moved to ...

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