Wisconsin court rules against molder Tailor Made in suit by NTM over unpaid debt
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A Juneau County, Wis., Circuit Court judge has ruled against Wisconsin-based injection molder Tailor Made Products Inc. in a lawsuit filed by NTM Inc., after TMP failed to pay an assumed debt included in its acquisition of some NTM assets last year.
The court ordered April 1 that TMP pay $63,792 to NTM plus interest, late charges, penalties and attorney fees.
Tailor Made agreed to acquire NTM assets in March 2020. NTM, an Elroy, Wis.-based injection molder whose products included a proprietary sawhorse, had struggled to recover from a 2018 flash flood that badly damaged the building and equipment. TMP is also a housewares molder.