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Cortland Cable closes, certain assets to be liquidated by Commission Brokers

Cortland Cable Co. plans to close operations at its River Street plant in Cortland, New York.

Per a report in the Cortland Standard, a representative for the parent company, Actuant Corp., confirmed the closure. One cause, it said, was a decline in the oil and gas industry, which is a primary customer for the company’s cables. It also reported that production of ropes at the Cortland plant is moving to other company facilities in Texas and Washington. Another factor was that new technologies—such as new battery, communication and autonomous solutions—have led to remaining cable customers moving to different solutions.

Martin Kenner, president of Commission Brokers, Inc., reports that he has been engaged by Corltand Cable to liquidate manufacturing assets not being transferred from that facility. Kenner can be contacted at tel. 401-943-3777, This email address is being protected from spambots. You need JavaScript enabled to view it..

Read 1915 times Last modified on December 29, 2019