Mexico Brick Maker Files For Chapter 11 Bankruptcy

Mid America Brick & Structural Clay Products filed for chapter 11 bankruptcy in U.S. Bankruptcy Court for the Eastern District of Missouri. The business in Mexico, Mo., said the depression of the housing market and over-capacity in the brick industry prevented it from meeting sales and profitability projections. The company intends to reorganize and has obtained debtor-in-possession financing from a consortium led by a St. Louis venture capital and small business finance firm.
Read more from the St. Louis Business Journal

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