NH co. lifts Morin Brick out of bankruptcy
A New Hampshire real estate firm has purchased Morin Brick in Auburn, allowing the 97-year-old brick manufacturer to emerge from Chapter 11 bankruptcy.
R.J. Finlay & Co.'s acquisition will allow Morin Brick to restart production in April and rehire the 40 employees who were laid off after the company filed for bankruptcy in September, according to the Sun Journal. With capital supplied by R.J. Finlay, Morin Brick also will be able to complete efficiency and technology upgrades it began three years ago at the Auburn plant, the paper reported.
Morin Brick's bricks have been used in prominent buildings throughout New England, from the area's top colleges and universities, including Bowdoin and Dartmouth, to the federal courthouse in Boston and many downtown buildings in Portland and Portsmouth, according to the Sun Journal.
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