Newton Manufacturing Files Chapter 11, Agrees to Sell to HALO Branded Solutions
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Yesterday, Newton Manufacturing, Newton, Iowa, petitioned the U.S. Federal Court in Des Moines, Iowa for Chapter 11 Bankruptcy protection. Although subject to potential competitive bidding, the filing included a court motion to sell nearly all of the assets of the business to industry distributor, HALO Branded Solutions, Sterling, Ill., in an expedited sale to take place within 30 days.
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