Sentences with phrase «auburn armature»
DeltaPoint Capital Management, a private equity firm, acquired a majority stake in Auburn Armature in 2013 with a $ 7 million investment that included $ 3.4 million from the New York State Common Retirement Fund, an investor in DeltaPoint.
http://www.syracuse.com/
Auburn Armature recently filed a notice with the state saying it may lay off its entire workforce, which consists of 64 employees in Auburn and 54 in five other facilities across Upstate New York.
Auburn Armature Inc. employs 118 people at six locations across Upstate New York, including its headquarters in Auburn, shown in this photo.
In March of 2013, state Comptroller Thomas DiNapoli announced that DeltaPoint Capital Management had acquired a majority stake in Auburn Armature, a $ 7 million investment that included $ 3.4 million from the New York State Common Retirement Fund.
Auburn Armature's website describes the company as «$ 100 million - plus company» that has been in business for nearly 70 years.
Auburn, NY — A New York state retirement fund and private investors have combined to provide a $ 7 million investment in Auburn Armature Inc., state Comptroller Thomas P. DiNapoli announced this morning.
«With several sites in New York and plans to further expand, Auburn Armature is a company with strong New York roots that is helping our upstate communities,» DiNapoli said in a news release at the time.
Update: Auburn Armature president and CEO said Friday he expects most, if not all, of the company's employees to be retained by the buyer of the company.