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Calumet Industries, Inc. to seek purchaser of company.
PR Newswire
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August 3, 1989
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COPYRIGHT 1989 PR Newswire Association LLC. 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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CALUMET INDUSTRIES, INC. TO SEEK PURCHASER OF COMPANY
CHICAGO, Aug. 3 /PRNewswire/ -- Calumet Industries, Inc. (NASDAQ: CALI) today announced that its board of directors has determined to seek a purchaser of the company.
S. Mark Salvino, chairman of the board, president and chief executive officer of Calumet, issued the following statement:
"During the past year and a half, the company's management has been attempting to obtain new long-term financing to replace Calumet's short term debt held by banks and insurance companies. To date, ...
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