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Article: Judge paves way for Lang sale Some creditors, trustee oppose transaction
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 3, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By RICK ROMELL
A bankruptcy judge has approved the sale of Lang Holdings Inc. to
a corporation formed by a company that has been financing Lang
since it filed for reorganization and the investment firm that held
the majority of Lang stock before it entered bankruptcy.
The sale is good news for Lang's roughly 220 employees, most of
whom work in Delafield, where the supplier of calendars, stationery
and specialty gifts has its headquarters. The buyers have said in a
court document that they'll hire everyone.
"We expect it to continue to be business as usual for our
employees, customers and partners," Lang said in a statement.
The sale approval "represents another important milestone in our ...