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Last Post: 9/8/2018 10:55:24 AM - Followers: 10 - Board type: Free - Posts Today: 0

Reinhold ice cream's North Side plant acquired

Oct 07, 2008 (The Pittsburgh Tribune-Review - McClatchy-Tribune Information Services via COMTEX) -- Reinhold Ice Cream Co.'s North Side plant and surrounding properties were claimed by the mortgage holder at an Allegheny County sheriff's sale Monday.
The sale does not affect ice cream making at the plant, which is run by a unit of LaSalle Brands Corp., a Scottsdale, Ariz., company that last year acquired Reinhold's assets from BLN Capital Funding LLC of Chicago, a Reinhold creditor.

"What was being sold was the real estate, and what people know as an ice cream manufacturing facility," said Andrew M. Stone, attorney representing BLN, the mortgage holder, after yesterday's sheriff's sale.

BLN ended up owning the main Reinhold plant, another nearby building and several other parcels of land after no parties submitted a bid for the properties. The sale did not include any ice cream making equipment or other assets of Reinhold.

The sale stands as a blow to a union pension fund that had hoped to recoup a $2.1 million claim for "unpaid pension obligations" from the Reinhold Co.

As reported, the Western Teamsters and Employers Pension Fund, based in Pittsburgh, in August had joined two other trade creditors in asking that Reinhold be placed in involuntary bankruptcy in hopes of being able to have the company's assets sold to satisfy debts.

One of the other plaintiffs involved in the effort, however, eventually withdrew its name from the motion, which needed at least three parties involved to be considered by the bankruptcy court.

"We will now consider what our options are," said Vincent P. Szeligo, an attorney representing the pension fund, yesterday. He would not say what options remain.

To see more of The Pittsburgh Tribune-Review or to subscribe to the newspaper,
go to http://www.pittsburghlive.com/x/pittsburghtrib/. Copyright (c) 2008, The
Pittsburgh Tribune-Review Distributed by McClatchy-Tribune Information Services.
For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or
847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group
Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Ron DaParma
Copyright (C) 2008, The Pittsburgh Tribune-Review
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#36   Where is the volume QUICKLIFTER 09/08/18 10:55:24 AM
#35   She increased Shares from 10M about to 200M yiannisf 08/31/18 10:19:43 AM
#34   $LSAL: Rhonda Keaveney Custodianship... she did $SGTN & $OWVI makinezmoney 08/31/18 09:16:14 AM
#33   Had my bid at 0.01 this morning itsthebox1 08/30/18 10:23:35 PM
#32   Beautiful clean shell here.... irondog 08/30/18 12:38:28 PM
#31   $LSAL: Running here.... Big move up to $0.017 makinezmoney 08/30/18 09:36:49 AM
#30   New custodianship itsthebox1 08/30/18 09:32:08 AM
#29   Oh I hope so, that would be cool! irondog 01/29/18 03:39:02 PM
#28   What's going on here, coming to life? bigbux1 01/29/18 01:01:14 PM
#27   Pink No Information 6k 3mo. avg vol SUPERNATURAL 09/23/12 03:45:06 PM
#26   That looks pretty sweet!!! love the share logical cash 02/03/12 01:57:56 PM
#25   10M O/S,2M FLOAT+ READ THIS: ash111 02/03/12 01:17:38 PM
#24   I think news will be coming out on logical cash 02/03/12 12:32:24 PM
#19   The Investors Relations button on the HP didn't work? esj2007 01/21/12 02:45:56 AM
#18   Why should this move? esj2007 01/21/12 01:28:49 AM
#17   Nice find pennystockwallstreet....Some decent buying on this low Mark 01/20/12 03:03:52 PM
#16   I just loaded BIG on LSAL!! Looking logical cash 01/20/12 01:03:25 PM
#15   LSAL - Phone: 480-905-5550 pennystockwallstreet 10/03/10 11:20:31 PM
#14   LSAL - web site still active http://www.lasalleicecream.com pennystockwallstreet 10/03/10 11:19:47 PM
#13   LSAL - Contact Info pennystockwallstreet 10/03/10 11:18:35 PM
#12   LSAL - What's the current Share Structure? pennystockwallstreet 10/03/10 11:17:28 PM
#11   It's all good, just got to know what Mark 06/15/10 09:19:29 PM
#10   Jumpy little turds ;) HDOGTX 06/15/10 09:18:23 PM
#9   Someone was able to scare up some cheapies Mark 06/15/10 09:16:07 PM
#8   Yup, for now anyways.... :) Mark 06/08/10 11:25:42 AM
#7   Gotta pay .02 to join in on this one!! HDOGTX 06/08/10 11:23:09 AM
#6   Should be an easy multi-penny play.... Mark 06/08/10 11:21:14 AM
#5   Little action today! HDOGTX 06/08/10 10:45:05 AM
#4   Thanks Hdogtx, been noticing the .005 bid holding Mark 06/07/10 01:57:36 PM
#3   http://lasalleicecream.com/ http://lasalleicecream.com/download/LSAL.pdf HDOGTX 06/07/10 01:13:05 PM
#2   2nd post, noticed it today....thx. Mark 05/20/10 09:55:15 PM
#1   1st post HDOGTX 05/20/10 08:11:17 PM
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