1. #401
    Forum Member

    Join Date
    Jun 2006
    Location
    Chicago Area
    Posts
    92

    Thumbs down Lets not be to quick to forget!

    Remember - ALF paid their creditors 22.5 cents on the dollar for their debt.

    Now, every other fire apparatus manufacturer will pick up that debt in the form of higher prices for components (pumps, engines, transmissions, etc.).

    So as far as I am concerned, they just raised the cost of everyone elses fire apparatus to cover their poor management and business practice.

    Way to go ALF!

  2. #402
    Forum Member

    Join Date
    Oct 2007
    Posts
    17

    Talking PVI eh?

    "Patriarch Partners also is awaiting court approval to purchase North Charleston-based Protected Vehicles Inc., which filed for Chapter 11 bankruptcy. Parties in those negotiations expected the court to approve the $5 million deal this week, but the judge continues to review the motion."

    It may be interesting if not ironic to know that this guy just sailed through bankruptcy as well.... Perhaps it's a movement... Pardon the pun.

  3. #403
    Forum Member
    islandfire03's Avatar
    Join Date
    Oct 2006
    Posts
    2,587

    Default Patriarch's latest acquisition

    Quoted from the Brunswick Times Record Friday Oct 24th, 2008

    "Lynn Tilton announced thursday that her investment group was the lucky bidder at a federal bankruptcy auction of the closed down former GP paper & pulp mill in Old town Maine. selling price almost 19 million. Patriarch provided no time table, but said it hopes to get the mill up & running as soon as possiblle. " this is what we do. We buy and help rebuild,turnaround middle market companies, for the most part based in the US."

    And the really interesting part of the equation is

    "A 30 million grant from the US dept. of energy to start ethanol production will transfer to the new owner when the sale is finalized."

    No wonder she was willing to pay almost 19 million in order to get 30 million of federal grant $$$ to start up an ethanol production facility. pretty good return on investment.

    I hope the folks up in Old Town fare better than the folks at ALF did.

  4. #404
    Forum Member
    Rescue101's Avatar
    Join Date
    Jun 2001
    Location
    Bridgton,Me USA
    Posts
    8,162

    Default

    And keep in mind this Plant was working on the BEGINNING stages of changeover from pulp to ethanol.Old Town needs the mill open but when I heard the name Patriarch attached to the deal,I just groaned.Just some more of the same old stuff. T.C.

  5. #405
    Forum Member

    Join Date
    Jun 2006
    Location
    Chicago Area
    Posts
    92

    Question What are they doing now?

    Is there any official word as to what the ALF group is doing?

    Are they moving?

    Are they accepting orders?

    Are they answering the phone?

    Anybody?

  6. #406
    Forum Member
    SFD_E73_RET's Avatar
    Join Date
    Jun 2006
    Location
    KC area
    Posts
    303

    Default

    Like past reports said the chassis are being made in Charelston and the bodies and aerials are being built in Hamburg and Ephfata, streamling operations. Yes they are accepting orders and yes they are answering the phones. Our dealership delivered two new trucks earlier this month they were complete and well built. ALF is working with the customers that stayed with them and focusing on the future. I don't think they have received very many orders but that is understandable. I can assure you they are working hard to gain the trust of the fire service community back, they know it won't happen over night.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Indian Rocks Beach--Fire District Faces Bankruptcy?
    By captstanm1 in forum Firefighters Forum
    Replies: 3
    Last Post: 05-30-2005, 05:47 PM
  2. Powerpoint files for training
    By fireemt1962 in forum Computers, the 'Net & Us
    Replies: 8
    Last Post: 02-24-2004, 02:08 PM
  3. Bankruptcy...a deal-killer?
    By aesposito in forum Hiring & Employment Discussion
    Replies: 6
    Last Post: 01-29-2004, 09:31 AM
  4. WAV / Sound Files
    By lutan1 in forum Emergency Services Training
    Replies: 1
    Last Post: 02-02-2003, 08:53 AM
  5. Sound Files
    By westmead2 in forum Fire Explorer & Jr. Firefighting
    Replies: 4
    Last Post: 07-18-2000, 11:23 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Log in

Click here to log in or register