Pacific Steel Casting selects buyer

May 23, 2014 | 01:01 PM | Frank Haflich

Tags  Pacific Steel Casting, steel foundry, steel casting, Siena Lending Group, Wells Fargo, Frank Haflich

LOS ANGELES — Pacific Steel Casting Co. has chosen a buyer for the company but won’t identify it yet, a spokeswoman said this past week.

Pacific Steel will name a potential buyer within a month, according to a document filed May 21 in U.S. Bankruptcy Court in Oakland, Calif.

The Berkeley, Calif.-based foundry expects to "enter into a purchase offer" and file a motion for a bid to proceed "not later than" June 16, the company said in the court filing. Acquisitions out of bankruptcy status normally must be approved by the court.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results