motorcycle table lifts?
Road Warrior
Joined: Sep 2008
Posts: 1,640
Likes: 817
Why, much to my dismay, I believe you are EXACTLY correct!
http://www.timesrepublican.com/page/...id/527799.html
The liquidation of Handy Industries has been completed, according to the company responsible for overseeing the process.
The company had shut down last month, after more than 45 years in business. At that time it was reported by Hamernik, LLC, an Indianapolis-based crisis management firm, the shut down would avoid liabilities which would not be able to be paid and expedite sale prospects.
Hamernik was only engaged by Handy in its final days, reporting that it was directed to maximize value and has successfully sold the assets of the business avoiding a complete loss.
In a press release, Kevin Hamernik said the sale was successful not only in avoiding a liquidation but in preserving employment opportunities which will follow the business operations.
No other details on those opportunities were released and Hamernik did not respond to a questions seeking additional information. At the time of the shutdown, the company employed approximately 30 people.
Handy Industries was highly regarded in the professional shop equipment, lift and truck accessory industry.
Terms of sale provide for customer open orders to be fulfilled. Preliminary estimates suggest there will be proceeds sufficient for distributions to pay back to creditors once a final accounting of claims is made.
Last edited by jamesw; Sep 9, 2010 at 03:26 PM.
Thread
Thread Starter
Forum
Replies
Last Post
