Keywell to file for Chapter 11, sell assets
Sep 23, 2013 | 05:09 PM
| Rey Mashayekhi
NEW YORK Specialty steel recycler Keywell LLC has agreed to sell "a substantial portion" of its assets to processor Cronimet Corp., the company said Sept. 23.
The agreement will see Chicago-based Keywell file for Chapter 11 bankruptcy protection "within the next few days to commence the sale process," the company said.
Aliquippa, Pa.-based Cronimet will acquire Keywells aerospace metals businesses in Falconer, N.Y., and Monroe, N.C., while Keywell will retain its properties in Chicago; Atlanta; Fairless Hills, Pa.; Frewsburg, N.Y.; Detroit; and Carson, Calif.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.