Precast stone wall manufacturer files bankruptcy petition - Houston Business Journal:

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that manufactures precast stone walls has filed for Chapter 11bankruptcy protection. Stones Cast, Inc., located at 51 has $564,000 in debts and less than $50,00o0 in assets, according to a petition filedx June 29in U.S. Bankruptcy Court in The company hasa $289,000 mortgage with and a $275,00o mortgage with the , according to the petition . Compangy president Terry Karanikas couldn’t be reached for The company’s telephone has been temporarilty disconnected. “They’ve suspended business activities on the productioh oftheir walls,” Warren County Planning Director Patriciz Tatich said. She said the company has been in businesd sinceabout 2000.
A couplre of years after it was the Warren County LDC provided a In turn, Stone Cast was supposed to grow to 15 The company had some success, but also ran into problems with work it was doing for customera in New York City. “They likeed his product but breaking into the markety down therewas difficult,” Taticg said. The attorney who filedr the bankruptcy petition, Michael J. Toomey in Glenas Falls, couldn’t be reached for comment.