Pacific Steel Casting eyeing early summer sale
Apr 14, 2014 | 05:30 PM
| Frank Haflich
LOS ANGELES Pacific Steel Casting Co. expects to be sold by "early summer," a spokeswoman for the foundry told AMM.
"There are numerous potential buyers that have submitted letters of interest and we are confident that a sale will occur, probably by mid-June," she said, without identifying any prospective new owners.
Berkeley, Calif.-based Pacific Steel, which claims to be the fourth-largest U.S. producer of steel castings, filed for Chapter 11 bankruptcy protection March 10 in U.S. Bankruptcy Court in Oakland, Calif. (amm.com, March 12).....
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