Re: Which Stainless Prop Mfgr.
This is what Dhadley is referring to that is happening in the Industry right now.
Michigan Wheel Corp. files bankruptcy, but expects to be bought by investment firm
By The Grand Rapids Press
July 15, 2009, 9:10PM
GRAND RAPIDS -- Marine propeller manufacturer Michigan Wheel Corp. has filed for Chapter 11 bankruptcy, but expects to be bought by a Southeast Michigan-based investment firm.
The move isn't expected to impact the 63 employees at the company's 1501 Buchanan Ave. SW headquarters, president and CEO Stanley Heide said Wednesday.
When it emerges from bankruptcy reorganization, the 106-year-old company will maintain its current name and operations after being bought by Bloomfield Hills-based The Anderson Group, LLC.
It doesn't mean they are bad, they just might be cutting corners because of their financial troubles.
H