Arkansas companies to buy Victor plastics
Arkansas, a company has announced plans to purchase Victor Plastics Inc. for $ 17.4 million.
If the court approves the plan federal bankruptcy, business was to save about 400 jobs.
Riverbend sectors in Fort Smith, Ark.., East specializes in plastic injection and provides products for companies such as Whirlpool and Exide, according to the company’s website.
Victor Plastics, which employs about 380 employees in factories in the North-Victor and freedom, bankrupt in January. Company officials of debt on slowing the loss of customers and rising raw material costs.
David Mack, CEO of Morris Anderson & Associates, which has been praised for overseeing the sale, said Riverbend keep all plans Victor is to assist staff and for society to combat.
“I’m pretty darn impressed by their management and financial support,” said Mack.
The sale is scheduled for completion on 21 April.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, and much more, reformulate or another.
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