Hot Off the Press
Trend Technologies Goes Ch. 11
to Facilitate Sale to its Former CEO
Thursday, December 19, 2002
Trend Technologies, Inc., Chino, CA, its parent company Trend Holdings, Inc. and its domestic subsidiaries have filed petitions for Chapter 11 bankruptcy to facilitate a $70-million sale of the company. In November, the company entered into a sales agreement with a group led by Earl Payton, former CEO of Trend Technologies.
“Trend Technologies is not going out of business,” said Payton in a letter to company vendors. “Chapter 11 gives us time to complete the sale in an orderly fashion while we continue to operate our business. The company’s cash position augmented by revenues from its operations will generate adequate funding for post-petition trade and employee obligations.”
For more information, visit
www.trendtechnologies.com.
MetalMecanica Concludes Successfully
Thursday, December 19, 2002
The fourth edition of MetalMecanica, Expo MetalMecanica USA/MEX 2002, successfully concluded its run in Mexico City. More than 150 exhibiting companies presented metalforming products and services for the Mexican market.
“We are very pleased to support this event, which has had a truly international reach,” says William E. Gaskin, president of the Precision Metalforming Association, which sponsored and helped organize the event along with show organizer Penton Media, Inc. and its Mexican partner, Grupo Empresarial SCSI.
Said one exhibitor, Jim Milliken, product manager for Superior Die Set Corp.: “When you're on the outside looking into a market, particularly a market in a foreign land, a trade show is a fantastic forum to show your wares. MetalMecanica provided us a great platform to present Superior Die Set to a high quality, extremely interested audience. In three weeks we couldn't have seen the amount of people we saw in three short days at MetalMecanica. We'll be there next year.”
The fifth edition of Expo MetalMecanica USA/MEX will take place October 1-3, 2003, at Cintermex Monterrey in Monterrey, Mexico. For additional information, visit
www.metalforming.com/tradeshw/Metalmec.
Welduction to Merge with Inductoheat
Wednesday, December 18, 2002
Welduction Corp., Novi, MI, a full-service manufacturer of induction equipment, will merge operations with Inductoheat, moving to that company’s headquarters in Madison Heights, MI, as of January 1, 2003.
For service, spare parts or machine sales, Welduction can be reached at 800/798-3042; 32251 N. Avis Dr., in Madison Heights.
For more, visit
www.welduction.com.
