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Aldan closes doors, Archer buys some lines.

Publication: Rubber & Plastics News
Publication Date: 10-JUN-02
Format: Online - approximately 521 words
Delivery: Immediate Online Access
Full Article Title: Aldan closes doors, Archer buys some lines.(Aldan Industries)(Brief Article)

Article Excerpt
Financially troubled Aldan Industries Inc. shut its doors April 1 after a failed attempt by new management to bring the longtime rubber-coated fabric maker out of Chapter 11.

Though Aldan's Philadelphia-area corporate offices and factory are closed, some of Aldan's product lines and equipment were purchased by Milford-based Archer Rubber Co., according to Bob Hensinger, Archer vice president of sales.

Aldan-founded in Philadelphia in 1909 and formerly known as Aldan Rubber Co.-approached Archer in February to buy...

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