Megtec Systems has purchased the intellectual property of the former Ross Air Systems Inc., previously based in Somerset, N.J. The now defunct company manufactured web processing lines, including dryers and ovens, coaters, material-handling equipment, air pollution control and heat recovery equipment. From its headquarters in De Pere, Wis., Megtec will support former Ross Air Systems' customers with service, spare parts and engineering services.
Ross Air Systems originally filed for Chapter 11 bankruptcy in May 28, 2008, and
the case was later converted to a Chapter 7 liquidation filing on December 15, 2008.
The company's assets were then scheduled for auction based on a December 31, 2008,
ruling from the U.S. Bankruptcy court.
The purchase includes Ross Air Systems' intellectual property only and does not
include the employees; inventories; in-process contracts; physical property such
as buildings; or any liabilities for any of the existing installed base (inclusive
of any warranty obligations).
For information regarding products and services offered by Megtec in support of
the former Ross Air Systems' products, contact Jason Nowak at firstname.lastname@example.org
or (920) 337-1500, ext. 3619.
Megtec Purchases Intellectual Assets of former Ross Air Systems
March 4, 2009