Mid-Continent Screw Seeks Buyer
October 24
00:00
2002
Mid-Continent Screw Seeks Buyer
Jason Sandefur
Mid-Continent Screw Products Company Inc. has retained Easton, MD-based Equity Partners Inc. to find a buyer, according to Equity partner Ken Mann. Mid-Continent is scheduled to be sold in Chapter 11 bankruptcy proceedings on Nov. 21. The ISO 9002- and QS 9000-certified manufacturer hopes to be acquired intact so the 45 employees at its 70,500 sq ft plant in Lincolnwood, IL, can continue to produce cold heading, cold forming and roll forming fasteners. In fiscal 2002, sales dropped 18% to $8.73 million after peaking at $10.3 million in fiscal 2001. E-mail: mann@equitypartnersinc.com Web: equitypartnersinc.com �2002 FastenerNews.com
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