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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.
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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
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A vision for
Berkeley’s old Pacific Steel Casting site: A hub for industrial innovation
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165:"Pacific Steel to undergo employment eligibility audits | The Daily Californian"
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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"
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58:. They bought a steel foundry in West Berkeley that had been repossessed by
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Neighborhood News, Pacific Steel Casting newsletter, Issue 4, February 2009
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Pacific Steel Casting Company finances revealed during bankruptcy hearing
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103:"Community Issues - Pacific Steel Casting - City of Berkeley, CA"
66:. The company added another plant in 1974, and a third in 1981.
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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"
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315:Companies based in Berkeley, California
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136:Quintana, Sergio (18 December 2011).
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325:1934 establishments in California
39:located at 1333 Second Street in
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29:Pacific Steel Casting Company
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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
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64:World War II
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31:(PSC) was a
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213:22 December
175:22 December
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309:Categories
143:ABC 7 News
90:References
49:California
33:steel mill
149:14 April
45:Berkeley
37:foundry
215:2019
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151:2017
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35:and
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