Empire Die Casting receives offer from NGC
Oct 22, 2013 | 03:53 PM
| Michael Cowden
CHICAGO New Growth Capital Group LLC (NGC) has offered to buy bankrupt aluminum and zinc die cast parts maker Empire Die Casting Co. Inc. for $11.7 million in cash and the assumption of some liabilities, according to a letter and court documents.
NGC would seek to make structural changes at Macedonia, Ohio-based Empire Die Castings if it bought the company, but would look to operate it as going concern and might decide to keep current management in place, according to a letter signed by NGC managing partner....
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