Berks Co. Based Business Acquires Company For $550 Million

Full story: WFMZ

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

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“Ruining lives since 2010”

Since: Sep 10

Chromium, Cobalt, & Lead, PA

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#21
Jun 21, 2011
 

Judged:

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Jim Moz wrote:
I take it, then, that the $175M IPO for Latrobe Specialty Metals never happened?
When did this happen?
steel worker

Pittsburgh, PA

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#22
Jun 21, 2011
 
5th Ward Resident wrote:
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!
STFU,hows that investment you are freeloading in going to pay you back?
Johnnycarp

Reading, PA

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#24
Jul 29, 2011
 
what about the RONA?
Johnnycarp

Reading, PA

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#25
Jul 29, 2011
 
what about the RONA????????

“Ruining lives since 2010”

Since: Sep 10

Chromium, Cobalt, & Lead, PA

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#26
Jul 29, 2011
 
RONA

Watermill bought it for $225,000,000.
Watermills got a grant for $60,000,000
Watermill & Hicks sold it for $555,000,000.

What were the sales? the buildings aren't worth shit, since all the buildings and machines are old, let's say $20,000,000.
Johnnycarp

Reading, PA

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#27
Jul 30, 2011
 
Hows your Rona gonna be this year????
Typical

Reading, PA

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#28
Jul 30, 2011
 
Johnnycarp wrote:
Hows your Rona gonna be this year????
Can't you see? No one gives a f*** about what you are saying.
Johnnycarp

Reading, PA

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#29
Jul 30, 2011
 
Typical wrote:
<quoted text>
Can't you see? No one gives a f*** about what you are saying.
wooooooo sorry man
steel worker

Mckeesport, PA

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#30
Jul 30, 2011
 
5th Ward Resident wrote:
RONA
Watermill bought it for $225,000,000.
Watermills got a grant for $60,000,000
Watermill & Hicks sold it for $555,000,000.
What were the sales? the buildings aren't worth shit, since all the buildings and machines are old, let's say $20,000,000.
WTF do you know. Again STFU!!!!!!!!!!

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