South Korean Company Buys ClearEdge Power; Fuel Cell Maker Abruptly Laid Off South Windsor Workers In April

Jul 23rd, 2014 | By | Category: Business

Doosan Co. Ltd., based in South Korea, said it will acquire the assets and operating debt of U.S.-based ClearEdge Power, a fuel cell manufacturer for buildings, for $32.4 million, the Reuters news service reports.

ClearEdge Power, based in Sunnyvale, Calif., filed Chapter 11 bankruptcy in May to reduce debt and operating costs. It had major operations in South Windsor but laid off its 250 Connecticut workers in late April.

For more on this story, visit: South Korean Company Buys ClearEdge Power; Fuel Cell Maker Abruptly Laid Off South Windsor Workers In April – Courant.com.

Be Sociable, Share!
Tags: , , ,

Leave a Comment