Global Recycling shuts, seeks to liquidate
Dec 07, 2012 | 01:25 PM
| Lisa Gordon
Tags
Global Recycling,
Gilbert Iron & Steel,
Steven Gilbert,
Looney & Grossman,
Stewart Grossman,
liquidation,
recycling,
copper scrap
Lisa Gordon
PITTSBURGH — Global Recycling Inc. has ceased operations and plans to liquidate following a failed attempt to merge with another company.
The Charlotte, N.C.-based company, which has nearly $3 million in debt, bypassed the traditional Chapter 7 proceedings under U.S. Bankruptcy Code and has opted to wind down its operations in a Delaware chancery court.....
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