Crivello Group, LLC and Heritage Structures, Inc. Announce Purchase of Indiana Mill
Heritage Structures, Inc. acquired Indiana Mill formerly operated by Tru-Built Lumber, Inc. to manufacture and sell pre-fabricated garages to customers in Midwestern States.
Cape Canaveral, FL (PRWEB) September 3, 2004 -- Frank Crivello, Managing Member, Crivello Group, LLC (Crivello Group") announced that Heritage Stuctures, Inc. (Heritage") acquired the plant, equipment, improvements, and land assets formerly owned and operated by Tru-Built Lumber, Inc. (Tru-Built") of Williamsport, Indiana. Crivello Group agreed to provide financing to Heritage in its purchase from Tru-Built. Before Tru-Built entered bankruptcy and ceased operations, it manufactured prefabricated garages and sold them through a dealer network to homeowners throughout Midwestern States.
Crivello Groups earlier press releases related to Heritage can be found at www.crivello.com/press/082504.pdf, www.crivello.com/press/081803.html, and www.prweb.com/releases/2004/8/inktomi153125.php.
Crivello Groups Managing Member Frank P. Crivello stated: This acquisition represents solid value for us and Heritage. Heritages President Joseph A. Crivello stated: We will perform maintenance and enhancements to the facility. It should be ready for production within sixty days." Heritages Executive Vice President Jerry Bullock stated: We are excited to commence production at this mill. Over time we will assemble a solid work force. We have received encouraging feedback from the Indiana Department of Commerce, www.in.gov/doc. We are exploring options with the Indiana Department of Commerce for training employees and expanding production."
About Crivello Group, LLC- www.crivello.com:
Crivello Group, LLC are strategic advisors and partners to distressed and emerging companies. Crivello Group LLCs solutions for distressed or emerging company that include:
• Stabilization
• Capital & Debt Alternatives
• Staff, Boards, and Professionals
• Divestiture & Dissolution
• Plan of Restructuring or Reorganization
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of Heritage could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the manufactured garage market and that there will be no unanticipated material adverse change in Heritage or Crivello Groups operations or business.
Contact:
New-School Communications, LLC
Blois Olson: 651-221-1999
www.new-school.com
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