Rockford Products Looks To Sell Remaining Assets

Rockford Products Corp. aims to sell remaining assets

WASHINGTON (Dow Jones/AP) -- A Rockford manufacturer wants to sell its remaining assets before its bankruptcy financing runs out.

Rockford Products Corporation is an automotive and commercial fastener manufacturer. The company says in papers filed yesterday with the U.S. Bankruptcy Court in Rockford that it has "run out of time and money." The company says it is facing threats from its customers to take their business elsewhere if the sale isn't completed quickly.

The company said it has a prospective buyer lined up and hopes to finalize the purchase agreement by tomorrow. Rockford officials declined to identify the interested bidder.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 10900796 -
Gray Television, Inc.