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Ackerman and Walthall manufacturers face axe: Andrew Jackson seizure forces sell-off of cabinet makers. (Belwood USA Inc.; Walthall Woodworks; Andrew Jackson Insurance Cos.)
Mississippi Business Journal
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May 11, 1992|
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COPYRIGHT 1992 Venture Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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An Ackerman cabinet manufacturer and Walthall County sister company have ceased operations because of cash flow problems stemming from the State Insurance Commission's seizure of Andrew Jackson insurance companies.
A Belwood official said Belwood USA Inc. and Walthall Woodworks are up for sale after operations ceased and electricity was shut off to the Ackerman plant on April 3. About 225 employees from the Walthall County and Ackerman plants lost their jobs.
The company was trying to survive on collections from accounts receivables to make payroll and pay ...
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