Ferromet creditors object to auctioneer M. Davis

Sep 12, 2012 | 03:30 PM | Lisa Gordon

Tags  scrap metal, Ferromet, Ferrotech, Ferrotech Realty, Mark Heuschkel, M. Davis Group, Bid It Up, Harry Davis and Co. NexTier Bank

PITTSBURGH — Ferromet Corp. and Ferrotech Inc. are facing headwinds from creditors who object to the largest creditor of the financially ailing businesses mandating who will auction off its assets.

Medina, Ohio-based Ferromet  and New Castle, Pa.-based subsidiaries Ferrotech Inc. and Ferrotech Realty LLC filed for Chapter 11 bankruptcy protection in May, citing an issue with its lending institution as the main driver behind the move (amm.com, May 10). ....

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