Oldest cutlery firm in the U.S. sought bankruptcy protection
Posted on Wednesday, September 10th, 2014 at 3:41 pm
Shelburne Falls-based company Lamson & Goodnow Manufacturing Co. recently filed for bankruptcy for protection against creditors after several sizable loans could not be repaid, The Lowell Sun reported on August 24.
Reports said the company filed for Chapter 11 bankruptcy in a Springfield court in order for them to reorganize their finances. Bankruptcy documents stated that Lamson & Goodnow cannot settle the two multimillion dollar loans they acquired. As part of the bankruptcy filing, the cutlery company is reportedly selling their 18-acre factory complex. Established in 1837, the company acquired by James Ross Anderson in 1998 was in the business of manufacturing knives and kitchen tools for almost two hundred years.
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