Business
Business

Scovill Fasteners to sell assets through bankruptcy

By David Markiewicz
April 21, 2011

Clarkesville-based Scovill Fasteners said it has filed for bankruptcy to facilitate the company's sale to Global SFI Holdings.

Scovill, a maker of closure products for the apparel and industrial markets, has 250 employees and dates to 1802 when it was founded in Waterbury, Conn.

The company said it will continue to operate as usual while in bankruptcy, and that no restructuring of its operations is planned. Scovill expects the sale of assets to be completed by June.

President and CEO Stewart Little said, "The purchase agreement contemplates continuation of our business and offers of employment to all our employees."

About the Author

David Markiewicz
More Stories

Keep Reading

Edward (Ted) Decker, chief executive of Atlanta-based home improvement giant Home Depot, along with the heads of Walmart and Target, met with President Donald Trump Monday to discuss his broad tariff plans.

Credit: con

CEOs of Home Depot, other retailers meet with Trump to discuss tariffs

Companies bringing foreign goods to the U.S. will pay the tax, but economists warn American businesses and consumers will ultimately shoulder the costs.

Can Atlanta be the best version of itself for the FIFA World Cup?

With 300,000 visitors expected to descend on the city, and billions more watching at home, officials face mounting pressure to host the major event without issues.

Opinion: Dorky no more. How hybrid vehicles have changed

Gasoline-electric hybrid vehicles used to be small, dorky hatchbacks and cramped, buzzy sedans. A lot has changed.

The Latest

Toyota Land Cruiser, a McLaren Artura Coupe and a Toyota RAV4 show the evolution and variety of hybrids in 2025. (Handouts)

Credit: Hand

Opinion: Dorky no more. How hybrid vehicles have changed

New pilot alert technology promises to avoid runway collisions

Georgia among most generous states for data center incentives, reports show

Featured

U.S. Sen. Jon Ossoff, D-Ga., speaks during a town hall on Friday, April 25, 2025, in Atlanta at the Cobb County Civic Center. (Jason Allen/Atlanta Journal-Constitution)

Credit: Jason Allen/AJC

Jon Ossoff turns Trump’s CDC cuts into 2026 rallying cry

Mass layoffs at the Atlanta-based CDC have become a symbol in Georgia of Trump's second-term push to shrink the federal government and dismantle government agencies.

OPINION

TORPY: Bikes, scooters and walkers collide in Beltline free-for-all

Why Atlanta’s popular path needs a parallel trail.

Cunningham: Falcons hit home run in draft by finally making big investment in pass rush

The Atlanta Falcons have a chance to produce a good pass rush for the first time in a decade.