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Ameritex faces foreclosure

Industry News | January 1, 2010 | By:

Marine supplier Ameritex, which recently went bankrupt and was sold to Taylor Made Group, is now facing foreclosure on its manufacturing facility. The Missouri-based First Bank is suing Ameritex because it defaulted on $6.8 million in mortgages. First Bank filed the suit only a week after Taylor Made Group bought Ameritex; Taylor Made is being named a defendant.

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