Acorn to close doors

June 24, 2003 – New York, NY – Acorn Holding Corp. says that it will close its sole operating subsidiary, Recticon Enterprises, Inc., which manufactures monocrystalline silicon wafers.

The closing comes as a result of declining sales and erosion of pricing for Recticon’s products, according to chairman and CEO Stephen Ollendorff. Neither Acorn nor Recticon expect to seek bankruptcy protection.


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