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Article Excerpt
Byline: Mike McNulty
Alpha Associates Inc. plans to purchase the remaining rubber business of 111-year-old Buffalo Weaving & Belting Co., which shut down its manufacturing facility Jan. 15.
The factory closed when its power was turned off, according to a union official. It has not re-opened, its employees have been laid off, their insurance coverage has lapsed and production is being outsourced.
Alpha Associates recently reached a tentative agreement with PharGo L.L.C., which does business as Buffalo Weaving & Belting, to acquire the firm's sheet rubber and specialty elastomer product lines, technology, customer list, various formulations, sales...
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