Stainless-steel manufacturer sells space

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.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.