Crivello Group, LLC and Heritage Structures, Inc. Announce Acquisition of Indiana Mill
Heritage Structures, Inc. has signed a definitive agreement to acquire an Indiana Mill to manufacture and sell pre-fabricated garages throughout seven Midwest States.
Cape Canaveral, FL (PRWEB) August 27, 2004 -- Frank Crivello, Managing Member, Crivello Group, LLC announced that Heritage Stuctures, Inc. (Heritage”) reached a definitive agreement to acquire the plant, equipment, improvements, and land assets formerly owned and operated by Tru-Built Lumber, Inc., (Tru-Built”) of Williamsport, Indiana. Crivello Group, LLC 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. On August 18, 2003 announced (http://www.crivello.com/press/081803.html) that its principals provided a working capital facility to Heritage.
Crivello Group LLCs Managing Member Frank P. Crivello stated: This facility will enable Heritage to accelerate its start up plan. We have and will provide financing and strategic consulting services to Heritage.” Heritages Executive Vice President Jerry Bullock stated: We are excited to resume production at this mill. We will commence operations within sixty days.”
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 the Company 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 Crivello Groups operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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