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Latest News:
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A. Finkl & Sons to be Acquired by German Tool Steel Producer
Dec. 8, 2006 - A. Finkl & Sons Co. has signed an agreement to be acquired by SCHMOLZ+BICKENBACH AG, a leading global producer of high-grade steels headquartered in Dusseldorf, Germany. With the acquisition of Finkl, SCHMOLZ+BICKENBACH would become the world's largest tool steel producer.
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Clear Thinking Group to Serve as Liquidation Trustee for Slater Steel
Mar. 30, 2005 - Clear Thinking Group, LLC, and Joseph E. Myers, a partner and managing director, have been appointed liquidation trustee for Slater Steel, Inc. The appointment became effective with confirmation of the company's Chapter 11 Plan of Reorganization by the U.S. Bankruptcy Court, District of Delaware.
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Slater Steel Reaches Agreement on Sale of Sorel Forge
Feb. 4, 2004 - Sorel Forge Inc., a subsidiary of Slater Steel, has entered into a definitive agreement to sell substantially all of its assets, on a going-concern basis, to the Tricap Restructuring Fund. The transaction, which is expected to close on, or about, March 1, 2004, is subject to certain conditions, including approval from the Ontario Superior Court of Justice.
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Slater Steel Obtains Court Approval for CCAA Extension
Jan. 13, 2004 - Slater Steel Inc. announced that the Ontario Superior Court of Justice has extended the Court protection period granted to the company under the Companies' Creditors Arrangement Act (CCAA) to March 1, 2004. The extension is intended to allow Slater to proceed with an orderly wind-down of both the Atlas Stainless Steels and Hamilton Specialty Bar facilities under the protection of the CCAA.
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