dave ziegler Posted February 17, 2008 Author Share Posted February 17, 2008 How can the tires on that pink truck still be inflated!?One other thing I wonder is that some apparently valuable pieces of equipment (those holding tanks for example, the trucks 20 years ago) must have had some value. When a business is liquidated, normally the equipment is sold, even for salvage it would have had value.Why I wonder would so much of it have remained in place?Also, who owns the site now, is it known?GaryGary it is a long story but here is what Happened Publicker stopped Distilling Drinking Alcohol in 1979 they shut down Kinsey for a bit then reopened bottling Antifreeze and Industrial chemicals. then in 1982 to get some money to keep them going they sold the place to a Man named Eugene Ostreicher from New York with the agreement that they would lease the Bottling house, the tanks and a couple of the warehouses to store stuff they had not gotten rid of. Well they went for 4 more years and even were trying to become like P&G buying companys that made home cleaning products. For a bit it looked like they would make it then in 1986 people went home one Friday night came back Monday to find they were out of Bussiness. The very next day they called all the people and gave them severance pay ASAP. Then they sold their distillerys in Phila to Overland Wrecking for 3 Million dollars ground that was worth 30 Million cleaned up! They had them sign a agreement that they would by buying it at such a low price clean the place up so that Publicker could take what cash they had left and buy Brightstar Flashlight company! Overland caught the place on fire hurrying in the cleanup went into Bankrupsey and The Epa made Publicker pay for the cleanup even though they had done the right thing. Meanwhile Ostreicher just suddenly closed the place shut down the Boilers and just left it rot for all these years. If you type his name in you will find that he built a building in NY that fell down and killed someone due to shoddy work. He was charging them way more then he had promised and they just plain walked away and all these years he has left this wonderful and historic place go to Hell. Just lately the DEP had sued him for around $400,000 dollars for not taking ground samples and for letting the place go to Hell. After it was to late Publicker had wished they had not let him talk them into buying it but there was a hostil try to take over the company by some Lawyers who bought so much common stock that they finally got on the board and were the ones with the bright idea to sell Kinsey and then to quit the industry, and to sell Kinsey in that deal as he was a friend of the Lawyers one being the Late David Cohn from PhilaThis is about the best I can do to explain it a very sad story Kinsey when I worked they had 600 people working there.Dave Z Link to comment Share on other sites More sharing options...
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