Fred Hill Materials Inc., files for Chapter 11 reorganization

2/5 Peninsula Daily News–Fred Hill Materials Inc., files for Chapter 11 reorganization
Peninsula Daily News

Fred Hill Materials Inc., has filed for protection under Chapter 11 of U.S. bankruptcy laws.

Alex Hill, president and CEO of the Poulsbo family-based company, announced the move Friday, saying it follows the May closure of Westsound Bank.

The company will continue to deliver concrete products from its operations in Port Townsend, Sequim, Poulsbo, and Bremerton, Hill said in a statement.

“Chapter 11 is reorganization, not bankruptcy,” Hill said. “We are not closing, nor going anywhere.

More at
http://www.peninsuladailynews.com/article/20100205/NEWS/100209994

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