Proos Manufacturing sold to private investor out of receivership

Proos Manufacturing, a material handling equipment producer, was sold to a private investor after entering receivership in July 2023 following a default on a $10.5 million loan.

“Proos Manufacturing landed in receivership in July after the material handling equipment producer defaulted on a $10.5 million loan.”crainsgrandrapids.com

• 1 source
• crainsgrandrapids.comProos Manufacturing sells to private investor out of receivership - Crain's Grand Rapids BusinessMark SanchezOct 16, 2023

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