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Server Announces Sale of Plants
EVANSVILLE Ind Servel Inc announced Thursday the sale of its two air conditioner plants in a joint deal with Arkansas Louisiana Gas Co The price was five million dollars with one million to be paid at two hundred thousand dollars yearly Stockholders will be asked at a New York meeting September 11 to authorize the eventual sale of the refrigerator business Servel’s only remaining operation The air conditioner production will continue at the plant buildings that housed P47 wing production in World War II and wing spars in the Korean War in Hamilton Arkansas Louisiana plants.
MENTIONED IN THIS ARTICLE
THE
Anderson Herald
Grand Rapids
MichaelClaran
William B. McClaran
Rapids
Self
Evansville
Ind
Duncan Menzies
Servel
Menzies
New York
Hamilton
Arkansas-Louisiana