Inmetco and Parent Company Horsehead File for Bankruptcy
Horsehead Holding Corp. and its affiliated companies, including Ellwood City-based Inmetco, filed for Chapter 11 bankruptcy protection on Tuesday, Feb. 2. According to published sources, Horsehead missed a $1.9 million payment and saw its stock drop more than 90 percent. Horsehead Holding Corp. is based in Pittsburgh and owns seven affiliated facilities, including Inmetco, a battery recycling plant. In a press release on Jan. 22, Horsehead announced it was temporarily idling its zinc plant in Mooresboro*, N.C. The plant opened in June 2014 after Horsehead shut down a facility in Beaver County. A press release on Feb. 2 announced that…