Khorporate Holdings, Inc. Acquires Mossberg Industries, Inc.
The Principals of True North Strategic Advisors, LLC advised the shareholders of Mossberg Industries, Inc. on the sale of 100% of its stock to Khorporate Holdings, Inc. The transaction was effective November 28, 2011.
For over 90 years Mossberg has been supplying reels and spools for the wire, cable, industrial, textile and food packaging markets. The Company operates out of two facilities; one located in Garrett, Indiana with western operations being housed in Ontario, California. KHI plans to continue operation of the company under its present structure.
Khorporate Holdings, Inc. was formerly known as Huntington Electric, Inc. X-Y Tool & Die, Inc. located in LaOtto, IN is another wholly-owned subsidiary of Khorporate Holdings.
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. were the lead strategic and financial advisors to Mossberg Industries on the sale of the business. In order to assist True North with securities related transactions, its principals are registered investment banking agents of Burch & Company, Inc, member FINRA/SiPC. Burch and True North are not affiliated entities.