# 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.

- Type: Acquisition
- Announced: 2023-10-16
- Where: United States
- Status: completed
- Products: material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Proos Manufacturing](https://endata.com/companies/73608.md) (target)

## Sources

- [crainsgrandrapids.com](https://www.crainsgrandrapids.com/news/manufacturing/proos-manufacturing-emerges-from-receivership-in-sale-to-private-investor/), 2023-10-16: "Proos Manufacturing landed in receivership in July after the material handling equipment producer defaulted on a $10.5 million loan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.