Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Katy Industries sold, renamed * Maryland Heights-based commercial cleaning and storage products manufacturer Katy Industries, which filed for bankruptcy this year, has been sold and renamed American Plastics.

Monday, Chicago-based Victory Park and Los Angeles-based Highview Capital LLC said they completed the acquisition of Katy's assets. Robert Guerra, who was named Katy's president and chief executive last year, will lead American Plastics as president and CEO, the company said.

U.S. home sales fell in June * Nationwide, homebuyers faced surging prices and a shrinking number of properties for sale in June causing the pace of sales to fall.

Sales of existing homes slipped 1.8 percent last month to a seasonally adjusted annual rate of 5.52 million, the National Association of Realtors said Monday.

The median sales price has climbed 6. …

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