Hannay Reels to be sold, will stay in Westerlo
This is one of the saddest articles I’ve read in a long time. “Our friendly competitor will let us do our own thing!” Madison Industries has liquidated 70% of its portfolio in the last year and has tried to sell its reels business for years. PE will shut this thing down and ruin that family legacy in about 9 months. I can’t believe this owner really believes what he says here.
u/BirdIllustrious4858 — 8 days ago