Acasta has entered into a definitive agreement for the previously announced sale of its Stellwagen business unit to Martello Finance Company, which will be indirectly owned by Douglas Brennan and certain other investors. “We are pleased to have reached the terms of a transaction that will significantly strengthen the Company and ensure the ongoing viability of our consumer products businesses, all without impacting our ability to serve our customers, suppliers and other stakeholders,” commented Geoff Beattie, Chair of the Board of Directors. “This is an essential step in the repositioning of Acasta as we move towards right-sizing the Company’s balance

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In