Knowledge (XXG)

Pacific Steel Casting Company

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It was purchased by Speyside Fund in 2014. In 2016 Speyside Fund lent Pacific Steel 3.95 million $ US at 10% interest and it was repaid in 2018. The company declared bankruptcy in 2019. By March, 2019 the site was abandoned and the city of Berkeley was seeking input on what to do with the site
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The company was founded in 1934 by Douglas Genger and Ivan Johnson, who had lost their jobs at General Metals in nearby Oakland as a result of the
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The company announced plans to close as early as December 2017, after having laid off most of the employees and selling much of their inventory.
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Pacific Steel lost a third of its workforce in 2011 after a U.S. Immigration and Customs enforcement audit.
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On August 25, 2014 Speyside Equity acquires Pacific Steel Castings, now called Pacific Steel Castings LLC.
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Buyers of Pacific Steel Casting ‘looted’ its assets, made ‘insider deals,’ according to bankruptcy trustee
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Pacific Steel Castings listing in the Steel Founders’ Society of America Directory of Steel Foundries
86:. Upon its bankruptcy only executives received severance whilst rank-and-file employees got nothing. 44: 277:
Pacific Steel Casting files for bankruptcy. Top executives get paid, but workers don’t get severance
51:. At one point it was the third largest steel foundry in the United States, employing 350 people. 62:, re-opening it as the Pacific Steel Casting Company. PSC's business took off with the advent of 59: 55: 262:
A vision for Berkeley’s old Pacific Steel Casting site: A hub for industrial innovation
308: 165:"Pacific Steel to undergo employment eligibility audits | The Daily Californian" 249: 232: 63: 299: 191:
West Berkeley’s Pacific Steel files for bankruptcy, Berkeleyside, March 13, 2014
203:"As Pacific Steel in Berkeley plans shut-down, union sues for unpaid benefits" 48: 32: 17: 58:. They bought a steel foundry in West Berkeley that had been repossessed by 126:
Neighborhood News, Pacific Steel Casting newsletter, Issue 4, February 2009
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Pacific Steel Casting Company finances revealed during bankruptcy hearing
137: 36: 142: 103:"Community Issues - Pacific Steel Casting - City of Berkeley, CA" 66:. The company added another plant in 1974, and a third in 1981. 294: 72:
In early 2014, the company filed for bankruptcy protection
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Companies that filed for Chapter 11 bankruptcy in 2014
320:Ironworks and steel mills in the United States 138:"Pacific Steel forced to lay off 200 workers" 8: 315:Companies based in Berkeley, California 94: 136:Quintana, Sergio (18 December 2011). 7: 25: 325:1934 establishments in California 39:located at 1333 Second Street in 1: 29:Pacific Steel Casting Company 346: 84:West Berkeley Neighborhood 279:, Frances Dinkenspiel, 264:, Frances Dinkenpsiel, 247:, Frances Dinkenspiel, 230:, Frances Dinkenspiel, 295:Pacific Steel website 107:Berkeley City Council 209:. 2 November 2017 16:(Redirected from 337: 283: 274: 268: 259: 253: 242: 236: 225: 219: 218: 216: 214: 199: 193: 187: 181: 180: 178: 176: 161: 155: 154: 152: 150: 133: 127: 124: 118: 117: 115: 113: 99: 60:Wells Fargo Bank 56:Great Depression 21: 345: 344: 340: 339: 338: 336: 335: 334: 305: 304: 291: 286: 275: 271: 260: 256: 243: 239: 226: 222: 212: 210: 201: 200: 196: 188: 184: 174: 172: 163: 162: 158: 148: 146: 135: 134: 130: 125: 121: 111: 109: 101: 100: 96: 92: 82:located in the 23: 22: 15: 12: 11: 5: 343: 341: 333: 332: 327: 322: 317: 307: 306: 303: 302: 297: 290: 289:External links 287: 285: 284: 269: 254: 237: 220: 194: 182: 171:. 17 June 2011 156: 128: 119: 93: 91: 88: 24: 14: 13: 10: 9: 6: 4: 3: 2: 342: 331: 328: 326: 323: 321: 318: 316: 313: 312: 310: 301: 298: 296: 293: 292: 288: 282: 278: 273: 270: 267: 263: 258: 255: 252: 251: 246: 241: 238: 235: 234: 229: 224: 221: 208: 204: 198: 195: 192: 186: 183: 170: 166: 160: 157: 145: 144: 139: 132: 129: 123: 120: 108: 104: 98: 95: 89: 87: 85: 79: 76: 73: 70: 67: 65: 61: 57: 52: 50: 46: 42: 41:West Berkeley 38: 34: 30: 19: 18:Pacific Steel 281:Berkeleyside 280: 272: 266:Berkeleyside 265: 257: 250:Berkeleyside 248: 240: 233:Berkeleyside 231: 223: 211:. Retrieved 207:Berkeleyside 206: 197: 185: 173:. Retrieved 169:dailycal.org 168: 159: 147:. Retrieved 141: 131: 122: 110:. Retrieved 106: 97: 80: 77: 74: 71: 68: 64:World War II 53: 31:(PSC) was a 28: 26: 213:22 December 175:22 December 112:22 December 309:Categories 143:ABC 7 News 90:References 49:California 33:steel mill 149:14 April 45:Berkeley 37:foundry 215:2019 177:2019 151:2017 114:2019 35:and 27:The 311:: 205:. 167:. 140:. 105:. 47:, 43:, 217:. 189:. 179:. 153:. 116:. 20:)

Index

Pacific Steel
steel mill
foundry
West Berkeley
Berkeley
California
Great Depression
Wells Fargo Bank
World War II
West Berkeley Neighborhood
"Community Issues - Pacific Steel Casting - City of Berkeley, CA"
"Pacific Steel forced to lay off 200 workers"
ABC 7 News
"Pacific Steel to undergo employment eligibility audits | The Daily Californian"
West Berkeley’s Pacific Steel files for bankruptcy, Berkeleyside, March 13, 2014
"As Pacific Steel in Berkeley plans shut-down, union sues for unpaid benefits"
Buyers of Pacific Steel Casting ‘looted’ its assets, made ‘insider deals,’ according to bankruptcy trustee
Berkeleyside
Pacific Steel Casting Company finances revealed during bankruptcy hearing
Berkeleyside
A vision for Berkeley’s old Pacific Steel Casting site: A hub for industrial innovation
Pacific Steel Casting files for bankruptcy. Top executives get paid, but workers don’t get severance
Pacific Steel website
Pacific Steel Castings listing in the Steel Founders’ Society of America Directory of Steel Foundries
Categories
Companies based in Berkeley, California
Ironworks and steel mills in the United States
1934 establishments in California
Companies that filed for Chapter 11 bankruptcy in 2014

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