TWINSBURG, Ohio (AP) -- A Canadian liquidator that sells surplus industrial equipment offered the top bid for a Chrysler plant in northeast Ohio.
Maynards Industries Ltd. of Vancouver bid $45.5 million in Wednesday's auction in New York for the Twinsburg stamping plant southeast of Cleveland.
The offer faces a review at a bankruptcy court hearing Thursday in New York.
Proceeds from the sale will help repay creditors.
About 1,000 people worked at the plant when Chrysler announced shutdown plans last year, but retirements and buyouts have trimmed the work force. The factory takes steel sheets and presses them into door panels and other parts. It is scheduled to close in June.
