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Article: Tenn. company takes control of Proliance's assets?
- Article from:
- New Haven Register
- Article date:
- August 19, 2009
- Author:
CopyrightCopyright 2009 New Haven Register. Provided by ProQuest LLC. (Hide copyright information)
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By Angela Carter Register Staff
NEW HAVEN -- A Tennessee holding company has acquired the assets
of Proliance International Inc. on Gando Drive, which had filed for
Chapter 11 bankruptcy protection in Deleware.
Arlen F. Henock, chief financial officer at Proliance, said the
deal -- in which Centrum Equities XV LLC acquired the assets --
closed Friday.
Officials had previously announced that Proliance would sell its
assets for $21.5 million in cash, subject to some adjustments, under
the bankruptcy court-supervised deal.
A spokeswoman declined to comment Tuesday on the final price.
Proliance makes after-market heating and cooling components for
the automotive industry and heavy-duty ...