A company that as Stroh Die Casting was a longtime fixture among Milwaukee-area manufacturers has filed for receivership in Juneau County.
The firm, which dates to 1903, sought protection from creditors in the bankruptcy-like proceeding earlier this month. It is expected the company will be sold as a going business, court-appointed receiver Michael Polsky said in a statement Friday.
The expected buyer has agreed to offer jobs to all of the company's employees, the statement said. Polsky could not be reached for further comment.
Stoh Die Casting, once located on E. Michigan Ave. downtown, operated a factory at 11123 W. Burleigh St., Wauwatosa, for more than 50 years. The location is now the site of one of the new grocery and general merchandise stores being opened here by the Michigan-based Meijer chain.
In 2009, Stoh moved its Wauwatosa work to its plant in Mauston.
The company has gone through a series of name changes. As a Mauston-based firm, it has operated as Stroh Precision Die Casting LLC. It now is formally known, however, as PDC Acquisition LLC. That is the name of the entity that filed for receivership.
In early May, Park Bank was awarded a $5.1 million judgment against PDC Acquisition, online court records show. The judgment has not been satisfied, according to the records.
Source: JSonline.com
×
