Sunstone Signs Letter of Intent to Sell to Pancon
Sunstone Components Group has signed a letter of intent with Pancon Corp. to sell substantially all of the company's assets. Sunstone said it has consented to involuntary Chapter 11 petitions filed against it in April. Sunstone expects to complete the sale to Pancon and emerge from Chapter 11 in about 75 day. Temecula, Calif.-based Sunstone provides precision metal stamping and insert injection moldings. Pancon is backed by Milestone Partners.
6 May 2013•3 mins read
