Court Approves Sale of Idled Republic Technologies Plant to BVV Acquisition
June 12, 2003
(PRNewswire) The U. S. Bankruptcy Court in Akron, Ohio, has approved the sale of the idled Republic Technologies cold finish plant in Beaver Falls, PA, to BVV Acquisition, LLC, an investor company led by Mark Breedlove. The closing is expected to be complete by June 30, 2003. A team has been formed in preparation for re-opening the plant later this summer. According to Breedlove, the plant will concentrate on engineered specialty products, such as cold drawn alloy and aircraft alloy rectangles and square bars; standard shapes in carbon and alloy grades that require special applications such as surface finish, tolerances, or special edges; and cold drawn special shapes. The company plans to initially employ up to 40 people.