Advertisement
YOU ARE HERE: LAT HomeCollectionsResdel Manufacturing Company
IN THE NEWS

Resdel Manufacturing Company

FEATURED ARTICLES
BUSINESS
March 7, 1989 | DAVID OLMOS, Times Staff Writer
Struggling Resdel Industries of Newport Beach has agreed to sell its San Antonio, Tex., manufacturing subsidiary to a private group of Texas and California investors for an undisclosed sum. With the sale of Resdel Manufacturing, the parent company rids itself of a money-losing operation and raises some sorely needed cash, said Jack B. Spencer, Resdel's chief financial officer. Resdel lost $6.4 million on sales of only $7 million in the 6 months ended Dec. 31. The firm lost $8.
ARTICLES BY DATE
BUSINESS
March 7, 1989 | DAVID OLMOS, Times Staff Writer
Struggling Resdel Industries of Newport Beach has agreed to sell its San Antonio, Tex., manufacturing subsidiary to a private group of Texas and California investors for an undisclosed sum. With the sale of Resdel Manufacturing, the parent company rids itself of a money-losing operation and raises some sorely needed cash, said Jack B. Spencer, Resdel's chief financial officer. Resdel lost $6.4 million on sales of only $7 million in the 6 months ended Dec. 31. The firm lost $8.
Los Angeles Times Articles
|