The corporate reorganization plan was approved by the U.S. Bankruptcy Court for the Eastern District of Wisconsin. The plan involved the establishment of a new holding company in which its two principal operating units, Busse/SJI and Arrowhead Conveyor, will now function as subsidiaries of Arrowhead Systems, Inc.
During the yearlong reorganization process, the firm’s two operating units, Busse/SJI and Arrowhead Conveyor, consistently experienced positive financial results while conducting business operations in a normal manner, the company says.
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