Business Services Industry
Subsidiary of Italian Steel Firm Buys Fort Wayne, Ind., Mill Out of Bankruptcy.
Knight Ridder/Tribune Business News, February, 2004
The News-Sentinel, Fort Wayne, Ind. Knight Ridder/Tribune Business News
Feb. 12--FORT WAYNE, Ind. -- A new owner means another chance for one of Fort Wayne's oldest companies.
Valbruna Corp., the U.S. subsidiary of an Italy-based steel company, was the winning bidder for Slater Steel's Fort Wayne works at a Wednesday auction in Chicago.
The high bid of $6.4 million topped the two other contenders -- Arlington Capital, a Fort Wayne-based investment group, and Universal Stainless Alloy Products Inc. of Bridgeville, Pa.
U.S. Bankruptcy Court in Delaware is expected to approve the sale.
Unlike last year's buyer of Fort Wayne's Tokheim Corp., Valbruna is expected to resume production at the mill at 2400 W. Taylor St. In...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
