Commission Brokers Inc. Handling Assets Not Transferred From Cortland Cable
16 Dec 2019
The Cortland Cable Co. factory on River Street in Cortland has closed the operations. Bar Bolens, vice president of corporate strategy and investor relations for parent company Actuant Corp. states that the decision to close the factory that makes cable and ropes was made because of declines in the oil and gas industry. “Because of changes in the industry and declines, it became unfeasible to produce cable and be pro table,” Bolens said. “We’ve decided to exit the cable business.”
Cortland Cable, Cortland, NY, has named Marty Kenner of Commission Brokers Inc., Cranston, RI, to handle the disposition of all assets not being transferred. Equipment to include Extrusion Lines, Braiders, Winders, Planetary Cabler, 3+1 Bow Twister, Serving Lines, Respoolers, 250,000lb Prooftest Machine plus many other items.
For additional information, please contact Mr. Kenner at 401-943-3777 or [email protected].
A full listing can be seen at www.commissionbrokers.com
Commission Brokers deals with equipment relating to the Wire & Cable Industry, from individual components to an entire warehouse. As specialists in "High Book-Value" assets, Commisison Brokers handles entire manufacturing facilities; non-use production departments; or individual pieces. In addition, complete rebuilding and reconditioning services are offered as well as complete auction services.