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Braeburn Alloy files for bankruptcy, proposes sale to new owner

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 ....

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