4 Sep 2006
Florence, Kentucky - Parkway Products Inc., a manufacturer of rubber engineering products, has been bought out by four of its top executives.
Parkway president and chief executive Joseph Klunk, vice president of the aerospace and industrial business Nicholas Bitter, vice president of the commercial business Alan Ridilla and chief financial officer Daniel Deutenberg have bought the 60-year-old firm from the Willig family with the backing of an Indianapolis financial adviser Oxford Financial Group Ltd.
Terms of the deal have not been disclosed.
Klunk said the financial support from Oxford Financial Group could help Parkway move into China in the future.
From Plastics News (A Crain Publication)
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