Isaacson Steel http://nhpr.org en Isaacson Steel Laying Off Workers http://nhpr.org/post/isaacson-steel-laying-workers <p>After Isaacson Structural Steel was sold off in a bankruptcy auction last month it wasn&rsquo;t certain what would happen to the employees. But NHPR&rsquo;s Chris Jensen reports it&rsquo;s clear now and the news is not good.</p><p>In a blow to the North Country more workers at Isaacson Structural Steel in Berlin are being laid off.</p><p>About 80 have already lost their jobs with another 40 still on the job finishing up a project, says Diana Nelson with New Hampshire Employment Security.</p><p>&ldquo;There will be a handful of employees at Isaacson&rsquo;s through mid-April.&rdquo;</p> Wed, 07 Mar 2012 18:45:33 +0000 Chris Jensen 2344 at http://nhpr.org Isaacson Steel Bankruptcy Lawyer's Bill Totals $313,000 http://nhpr.org/post/isaacson-steel-bankruptcy-lawyers-bill-totals-313000 <p>The Manchester lawyer who handled the bankruptcy of Isaacson Structural Steel in Berlin will receive about $313,000 for his work if a federal judge approves.</p><p>In a recent filing William Gannon asked the judge for $191,000 for his work between September 1<sup>st&nbsp;</sup>and February 29<sup>th</sup>.</p><p>Previously the judge approved about&nbsp;$122,000 for work between June 22<sup>nd</sup>and August 31<sup>.</sup></p><p>In the filing Gannon said he worked about 444 hours at $400 an hour in addition to work done by his staff.</p> Wed, 07 Mar 2012 17:09:21 +0000 Chris Jensen 2340 at http://nhpr.org Isaacson Steel Bankruptcy Lawyer's Bill Totals $313,000 Court Report Details Isaacson Auction http://nhpr.org/post/court-report-details-isaacson-auction <p>There were three bidders hoping to buy Isaacson Structural&nbsp;Steel with a $100,000 difference determining the winning bid, according to a <a href="http://dl.dropbox.com/u/20823370/Isaacson%20sale%20report.pdf">report</a> filed Thursday in federal district court in Concord.</p><p>The top bid was $2.4 million by <a href="http://www.counselrb.com/">Counsel RB Capital</a>, <a href="http://myronbowling.com/">Myron Bowling Auctioneers </a>and&nbsp;<a href="http://www.hilcoind.com/sales/index.asp">Hilco </a>Industrial.</p> Fri, 02 Mar 2012 17:08:53 +0000 Chris Jensen 2257 at http://nhpr.org Court Report Details Isaacson Auction Industrial Auction Firm Highest Bidder for Isaacson Steel http://nhpr.org/post/industrial-auction-firm-highest-bidder-isaacson-steel <p>At an auction today/Wednesday in Manchester an Ohio company made the highest bid for the bankrupt Isaacson Steel. NHPR&rsquo;s Chris Jensen reports.</p><p>Last year Isaacson filed for bankruptcy leaving the future of about 150 North-Country workers in doubt.</p><p>Earlier this year a Whitefield firm bought a small portion of the business, an action expected to save about 20 jobs. But the larger portion was auctioned off.</p><p>William Gannon. represents Isaacson.</p> Wed, 29 Feb 2012 21:01:19 +0000 Chris Jensen 2209 at http://nhpr.org Industrial Auction Firm Highest Bidder for Isaacson Steel Hopes For Saving Isaacson Steel Jobs in Berlin Fading http://nhpr.org/post/hopes-saving-isaacson-steel-jobs-berlin-fading <p>Hopes that someone would buy bankrupt Isaacson Steel in Berlin and continue the business are fading. NHPR&rsquo;s Chris Jensen reports.</p><p>Throughout Isaacson&rsquo;s bankruptcy the hope has been that someone would buy the steel-fabricating firm, operate it and save about 130 jobs.</p><p>That seems less likely now.</p><p>A&nbsp;<a href="http://dl.dropbox.com/u/20823370/Investment%20Recovery.pdf">filing in federal district court </a>Monday shows a Texas firm that specializes in selling off industrial equipment has a tentative deal to buy Isaacson&rsquo;s assets.</p> Mon, 27 Feb 2012 22:55:27 +0000 Chris Jensen 2141 at http://nhpr.org Hopes For Saving Isaacson Steel Jobs in Berlin Fading Report: Buyer for Isaacson Falls Through http://nhpr.org/post/report-buyer-isaacson-falls-through <p>New Hampshire Business Review is&nbsp;<a href="http://www.nhbr.com/businessnewsstatenews/949592-257/stalking-horse-fades-in-isaacson-steel-acquisition.html">reporting</a> that a potential buyer for the Isaacson Structural&nbsp;Steel in Berlin has fallen through.</p><p>The review reports Heico, a construction conglomerate, was seriously considering buying the company but has since backed out.</p><p>An auction is currently set for February 29<sup>th</sup>, raising a question about the future of the company&rsquo;s roughly 150 employees.</p> Tue, 14 Feb 2012 15:21:55 +0000 Chris Jensen 1850 at http://nhpr.org Report: Chicago Firm Interested In Isaacson Steel http://nhpr.org/post/report-chicago-firm-interested-isaacson-steel <p>A Chicago-based company &ndash;&nbsp;<a href="http://www.heicocompanies.com/">The Heico Companies </a>- is interested in buying Isaacson Steel in Berlin, which is undergoing bankruptcy, the New Hampshire Business Review is <a href="http://www.nhbr.com/businessnewsstatenews/948444-257/stalking-horse-emerges-in-isaacson-bankruptcy.html">reporting today</a>.</p><p>The Business Review quoted &ldquo;several parties involved with the bankruptcy,&rdquo; as the source.</p> Wed, 01 Feb 2012 16:12:21 +0000 Chris Jensen 1639 at http://nhpr.org Report: Chicago Firm Interested In Isaacson Steel Whitefield Company Wants To Buy Part of Isaacson Steel http://nhpr.org/post/whitefield-company-wants-buy-part-isaacson-steel <p>A Whitefield firm wants to buy part of Isaacson Steel in Berlin and hopes to save those jobs. NHPR&rsquo;s Chris Jensen reports.</p><p>Last year&nbsp;<a href="http://www.isaacsonsteel.com/">Isaacson Steel </a>in Berlin filed for chapter 11 bankruptcy.</p><p>The company has about 150 employees in two operations.</p><p>One does steel fabrication for buildings.</p><p>The other, much smaller operation, sells steel. It has 19 employees.</p><p>The smaller operation is what <a href="https://www.sos.nh.gov/corporate/soskb/Corp.asp?1140037">Presby Steel </a>of Whitefield wants to buy.</p> Tue, 24 Jan 2012 20:31:52 +0000 Chris Jensen 1525 at http://nhpr.org Whitefield Company Wants To Buy Part of Isaacson Steel