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Familiar name bids for bankrupt AEC; Hofmeister a player in several local deals in past.

Publication: Crain's Detroit Business
Publication Date: 29-MAR-04
Format: Online - approximately 528 words
Delivery: Immediate Online Access
Full Article Title: Familiar name bids for bankrupt AEC; Hofmeister a player in several local deals in past.(American Metals Industries Inc.,)

Article Excerpt
Byline: Terry Kosdrosky

A metals company run by a turnaround investor with a history of buying in the Detroit area is vying to buy Manchester-based auto supplier AEC Holding Corp. out of bankruptcy.

American Metals Industries Inc. has made a $12 million bid for the assets of AEC, which owns two plants in Manchester and Long Island, N.Y. The president of American Metal Industries is George Hofmeister.

The plan is to turn majority control of AEC's Manchester plant...

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