Quote:

Cerberus also is the brain trust which bought Chrysler, Chrysler Financial, and General Motors Acceptance Corporation (GMAC). All three of these are dead on arrival. Now I hear they bought Maxim? Boy, these guys think they can save any dead dog.




Mead Westvaco Paper is also another one of their investments I believe. I recall M-W spinning off various marginally profitable mills in the east prior to their acquisitions. They renamed the new division “New Page”. I know one such mill is located in Luke, MD; and I believe another was in Chillicothe, OH (but that was last P.H. Glatfelter that I saw).
_________________________
Because you already yelled 'dropping prices!!!' after Red Light canned you. - Gia Jordan to Brandon Iron