Business Services Industry

Journal Star, Peoria, Ill., Business File Column.

Knight Ridder/Tribune Business News, December, 2002

By Paul Gordon, Journal Star, Peoria, Ill. Knight Ridder/Tribune Business News

Dec. 10--There still is no word on what a California company that plans to acquire ROHN Industries Inc. plans to do with the Peoria plant and its employees.

Officials at Platinum Equity LLC of Los Angeles said due diligence on the ROHN acquisition won't be completed until sometime this week and no decisions on the fate of the local plant will be made before then.

A spokesman said while he's aware employees here are anxious about their futures, no decisions can be made until the acquisition is good to go.

Financially struggling ROHN announced Nov. 29 it reached agreement to sell the company's assets, including plants here (ROHN's corporate...

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