G.O. Carlson Inc. of Oil City has bought Braeburn Alloy Steel in Lower Burrell. Commonly referred to as Braeburn Steel, Braeburn processes metal alloys, including titanium, refractory metals, high-end nickel alloys, steel alloys, stainless steel, tool steel and carbon steel. It’s 125 years old and employs about 41 workers. The
Braeburn Alloy Steel filed for bankruptcy with the intent of being acquired by an affiliate of its largest customer and keeping the 125-year-old Lower Burrell business in operation. CCX, which acquired Braeburn in 1944 and operates under its name, filed for Chapter 11 bankruptcy in Delaware on Sunday. Chapter 11