Wurth to pay $3.9M for manufacturer, reposition it for recovery
By DAN SHINGLER
4:30 am, October 31, 2011Soon, possibly by the time you read this, Cardinal Fastener & Specialty Co. of Bedford Heights is likely to be recapitalized, restocking and, with a little luck, on its way to rebounding under new ownership.
Judge Pat E. Morgenstern-Clarren of the U.S. Bankruptcy Court in Cleveland last Thursday, Oct. 27, approved the sale of the company to Germany’s Wurth Group for $3.9 million. She […]
