January 15, 1993 |
Wahlco Environmental Systems Inc., hurt by a slowdown in orders and increased costs from the restructuring of its manufacturing operations, said Thursday that it will post a loss of at least $12 million for 1992. The company, which provides pollution control equipment to electric power plants and industries, also announced that its chief financial officer, Charles F. Wilson, has resigned to pursue other interests. Henry N. Huta, who is president and chief executive, and treasurer Michael J.
October 20, 1996
Struggling Wahlco Environmental Systems Inc. has appointed a new president and chief executive and announced a restructuring plan. The maker of air-pollution-control equipment named C. Stephen Beal president and chief executive. Beal was president and chief executive of Wahlco's Engineered Products Group. He replaces Mark Plaumann, who resumes his duties as senior vice president of Wexford Management LLC, a unit of Wexford Capital Corp., which has an 80% stake in Wahlco.
January 10, 1994
Wahlco Environmental Systems Inc., a maker of pollution-control and power-efficiency equipment, said last week that it will take a charge of about $10 million to cover costs of closing plants in West Virginia and Canada. The company, based in Santa Ana, cited the sluggish worldwide economy, ongoing delays by U.S. utilities in complying with the 1990 Clean Air Act and competitive pressures as reasons for the restructuring.
December 7, 2000 |
Robert Wahler is regaining control of the Santa Ana pollution-control systems company that he founded nearly three decades ago. Wahler and current managers are acquiring the assets of Wahlco Inc. from a Tennessee firm undergoing bankruptcy reorganization. Their winning bid of $1.8 million was approved this week in U.S. Bankruptcy Court in Santa Ana. The deal, which is expected to close by Jan. 5, will boost Wahlco's prospects by allowing it to escape from the shadow of Thermatrix Inc.'