Wescast terminates Brantford plant sale to Gemini.After a previous agreement made Aug. 4 to sell its metalcasting operation in Brantford, Ontario Brantford is a city located on the Grand River in southwestern Ontario, Canada. This single-tier municipality was once part of Brant County. , Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , Wescast Industries Inc. announced it has cancelled its plan to sell the property to Gemini Gemini (jĕm`ənī, –nē) [Lat.,=the twins], northern constellation lying on the ecliptic (the sun's apparent path through the heavens) between Taurus and Cancer, N of Canis Minor; it is one of the constellations of the zodiac. Fire Protection Solutions Inc., Brantford, Ontario, Canada. Wecast terminated the original sale (expected to close this fall) due to Gemini's inability to resolve certain aspects of the agreement necessary to complete the transaction. The metalcasting firm, which had been reducing production levels prior to the agreement. intends to operate the Brantford facility to meet remaining customer requirements, with production ending during the first half of 2006 depending on customer requirements. Wescast Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ed Frackowiak said discussions with Gemini are ongoing. |
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