Berks Co. Based Business Acquires Com...

Berks Co. Based Business Acquires Company For $550 Million

There are 29 comments on the WFMZ story from Jun 20, 2011, titled Berks Co. Based Business Acquires Company For $550 Million. In it, WFMZ reports that:

A business based in Berks County is merging with a metal company from Westmoreland County.

Join the discussion below, or Read more at WFMZ.

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rocky

Lititz, PA

#1 Jun 20, 2011
what a joke,you have to work your life away trying to make a buck with them
LOK

United States

#2 Jun 20, 2011
I guess the Rossi's just got even more wealthy. Wholy crap.
Frank54

Palmyra, PA

#3 Jun 20, 2011
that place needs a union, bad

5th Ward Resident

“Won't you touch my sweater”

Since: Sep 10

Latrobe, PA

#4 Jun 20, 2011
Wonder what the dog shed's parent company is worth?

5th Ward Resident

“Won't you touch my sweater”

Since: Sep 10

Latrobe, PA

#5 Jun 20, 2011
Rossi's company had a lot of government contracts and actually did patent work, too, metals testing. What do you all know was produced, created, manufactured there in Youngstown, PA?
Psych_101

United States

#6 Jun 20, 2011
Just your run of the mil NDI/DI metals testing going on there. Joe Smith smelts metals together in many combonations and that place performs NDI/DI reports and produces the specs back to the originator. Example: Metal XXX manufactured by Joe is predicted to be between RC RH 59-60 with zero deviations and has ability XXXX during direct impact from depleted uranium rounds at XXXX ft per second per square inch. If found to be true by testing at Rossi's plant, Patent XXXX is started and materials XXX is assigned an NSN for use by government facilities inmanufacturing of MK-1 Mod 1.
lat

Pittsburgh, PA

#7 Jun 20, 2011
The Rossi's are super nice people and give back quite a bit to the community

Psych now that explains everything ty lol
wrong info

Latrobe, PA

#8 Jun 20, 2011
latrobe specialty metals?(aka) latrobe steel or westmoreland mechanical testing and research?
lets get it right.
Psych_101

United States

#9 Jun 20, 2011
wrong info wrote:
latrobe specialty metals?(aka) latrobe steel or westmoreland mechanical testing and research?
lets get it right.
Yes, you are correct! I was wrong. This is NOT the Rossi's @ westmoreland technical. This is Latrobe Steel.....My bad/wrong. Rossi's are nice and give back too.
Ralphy

Birdsboro, PA

#10 Jun 20, 2011
Frank54 wrote:
that place needs a union, bad
Yeah, so they can get run out of business like Bethlehem Steel. Let's keep them unions strong so everyone can get a real job in a fast food store.

5th Ward Resident

“Won't you touch my sweater”

Since: Sep 10

Latrobe, PA

#11 Jun 20, 2011
So, Watermill Investments took a $65,000,000, grant, built a $13,000,000, building, supposedly put $2,000,000, into a Venango couty plant, POCKETED the $50,000,000, and sold the company for:

-----$550,000,000

After they only paid:

-----$205,000,000, in 2007?

And again, you people think that I exaggerate?

The Investment Management Group doubled its "investment" and sold the company for more than 100% what it paid for it!

-----Gotta love those MBAs. I'd have one myself, if I could tolerate group work!

5th Ward Resident

“Won't you touch my sweater”

Since: Sep 10

Latrobe, PA

#12 Jun 20, 2011
Maybe Watermill bought Latrobe Steel for $225,000,000. It was so low, I was shocked.
Nobama

Cornelius, NC

#13 Jun 20, 2011
Ralphy wrote:
<quoted text>Yeah, so they can get run out of business like Bethlehem Steel. Let's keep them unions strong so everyone can get a real job in a fast food store.
unions are great...they are more than flexible with the community.....ask the screwl teachers. closed in a year if they go union...why do you think Wallyworld wont go union they would last an additionla year....and then.....Kmart..chapter 11
Tea Party Man

Broomall, PA

#14 Jun 20, 2011
Frank54 wrote:
that place needs a union, bad
We the people can't afford Unions! That would cause other jobs in the area to compete with higher wages, benefits, and possibly even a pension plan! A union might actually protect the workers. This would be an outrage!! You are now supposed to work 7 days a week until you are dead. Don't you understand those Poor Corporate CEOs need to pay for increased fuel cost in their yachts! The rising cost of Caviar is killing us! Corporate America can no longer afford to pay you middle class citizens decent wages and benefits! How Dare you ask for a union?

Since: Jan 11

.

#15 Jun 20, 2011
I take it, then, that the $175M IPO for Latrobe Specialty Metals never happened?

Since: Feb 09

Location hidden

#16 Jun 20, 2011
rocky wrote:
what a joke,you have to work your life away trying to make a buck with them
I know people who have retired from Carpenter at the ripe old age of 40. They are doing just fine and enjoying life.

Some things in life you have to put some effort forth to get a good return.
Frank54

Palmyra, PA

#17 Jun 20, 2011
Carbide wrote:
<quoted text>
I know people who have retired from Carpenter at the ripe old age of 40. They are doing just fine and enjoying life.
Some things in life you have to put some effort forth to get a good return.
ummm, that won't happen anymore, lol
anon

Reading, PA

#18 Jun 20, 2011
Frank54 wrote:
that place needs a union, bad
The Mexican's love unions. Lots of jobs went to Mexico because of the unions. Ask the employees of Agere, Dana, Hoffman Industries, Bethlehem Steel, and any auto worker how great unions are.

Maybe you should learn a real skill and not be a the whim of someone else.

Since: Feb 09

Location hidden

#19 Jun 20, 2011
Frank54 wrote:
<quoted text> ummm, that won't happen anymore, lol
Ummmm last guy retired 2 years ago and his son just started. He can still follow the same path, nothing has changed. His son isn't used to the 60 hour weeks, but he'll find it's worth it.
Psych_101

United States

#20 Jun 21, 2011
Selling your soul to the all mighty dollar is never worth it.

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