Quote:
Originally Posted by drew1
The ones it will be sad news for are the ones working in the Massechusetts plant. As seen that Middleground has plants in 21 countries, you can guess what will happen to them.
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A common course for companies bought out by private equity investors is to strip the company of its assets, load it with debt, then file bankruptcy and close it down. I would be looking for opportunities elsewhere if I worked for Starrett.