Warren Electric Hires Turnaround Specialist; Defends Itself Against Industry Rumors

The Warren Electric Group, Houston, has hired a turnaround specialist and is working with its two largest suppliers to bolster its finances.

According to a letter written by Cheryl Thompson-Draper, the company's chairman of the board, chief executive officer and president, Warren Electric is working with Crouse-Hinds, Rockwell Automation, and two banks to guide the company through the financial difficulties it has had during the past 18 months.

John Draper, Warren Electric's v

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