The article describes investor A. Gary Klesch’s 30-year strategy of building a portfolio in struggling steel mills, aluminum smelters, chemical plants, and oil refineries by extracting value from assets prior owners no longer wanted. It provides no new financial metrics, transactions, or guidance, functioning mainly as background on his distressed-asset approach.
The article describes investor A. Gary Klesch’s 30-year strategy of building a portfolio in struggling steel mills, aluminum smelters, chemical plants, and oil refineries by extracting value from assets prior owners no longer wanted. It provides no new financial metrics, transactions, or guidance, functioning mainly as background on his distressed-asset approach.
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