Stainless-steel manufacturer sells space

Leases back buildings as part of debt-reduction plan
Published on Apr 23, 2007

Angelo, Gordon & Co. has acquired the headquarters and manufacturing facilities of manufacturer RathGibson in a sale-leaseback transaction totaling $9.4 million. The facilities, located in Janesville, Wis., comprise 277,270 square feet. RathGibson, which manufactures engineered stainless steel, nickel and titanium tubing for oil & gas, pharmaceutical, and food and beverage markets, will use the sale proceeds to pay down debt and expand its facilities. ...

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