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.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.