Positron And Contel IPC Held Merger Discussions
THIS WEEK'S LEAD STORIES
Positron Industries Inc. and Contel IPC recently held at least three high-level meetings to discuss a possible merger, sources say. Talks between the two turret manufacturers come at a time when depressed sales across the turret industry have forced layoffs at nearly every manufacturing firm.
Over the last two years, Montreal-based Positron has reduced its U.S. staff from seven to two. Over the same period Contel IPC has reduced its staff by approximately 25 percent, including the dismissal of
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