Reuters: Bankruptcy News: Centrotherm sells industrial unit in reorganisation

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Centrotherm sells industrial unit in reorganisation Sep 5th 2012, 14:42 FRANKFURT, Sept 5 | Wed Sep 5, 2012 10:42am EDT FRANKFURT, Sept 5 (Reuters) - German solar equipment maker Centrotherm has sold its subsidiary Michael Glatt Maschinenbau GmbH as it tries to claw its way out of insolvency. The company, which filed for protection from creditors in July, said it sold Michael Glatt to Buechl Handels- und Beteiligungs-KG. It did not disclose a purchase price. Michael Glatt, which traces its roots to 1924, makes industrial products including reactors for chemicals and sterile tanks for the food industry. (Reporting by Maria Sheahan)

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