state Illinois county Arthur Manufacturing state Illinois county Arthur

Garage-door maker employees get cash reward in takeover as private equity tests ownership model

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cnbc.com

In this article In the otherwise-sleepy town of Arthur, Illinois, this week brought a life-changing surprise for hundreds of workers at locally based garage-door maker, C.H.I.

Overhead Doors. C.H.I.'s private equity owner, KKR, is selling the company to steel manufacturer Nucor in a $3 billion deal.

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