Try digitalPLUS for 10 days for only $0.99


Guaranty Corporation
Baltimore manufacturer awaits bankruptcy auction
Baltimore manufacturer awaits bankruptcy auction

When a Belgian firm tried to sell a Baltimore manufacturer to a company that planned to take jobs elsewhere, the local employees saved their livelihoods by buying their employer. Ten years later, another foreign company has stepped up to buy the company and save the jobs once more. Hedwin Corp., a plastic container maker, struggled in recent year with rising costs, the recession and a major fire that hamstrung the plant in Medfield last year. The company filed for Chapter 11 bankruptcy protection from creditors earlier this month to facilitate a sale and is set to be auctioned off May 9. Fujimori Kogyo Co., a Japanese company long involved with Hedwin, agreed to offer $16.5 million for...