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(AMM) Pa., Ohio labor deals clear path for PTC Alliance sale

July 30, 2010 - 21:58 GMT Location: PITTSBURGH

KEYWORDS: PTC Alliance , contract , bankruptcy , Black Diamond

PTC Alliance Corp. workers at plants in Pennsylvania and Ohio have ratified new labor deals, clearing the way for the company to emerge from bankruptcy protection and complete a sale to Black Diamond Capital Management LLC.

Wexford, Pa.-based PTC Alliance, a manufacturer of steel tubing products, said workers at its plants in Alliance, Ohio, and Darlington, Pa., have ratified collective bargaining agreements, terms of which were not disclosed....

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