Buckstaff faces foreclosure. (Oshkosh Northwestern, 2/16/2011)
Excerpt: Longtime Oshkosh furniture manufacturer Buckstaff Co. faces foreclosure of its South Main Street factory from a bank that is seeking to recoup more than $1 million it lent to the firm.
Martin Cowie bought Buckstaff Co.'s operations in 2007, just as the maker of classroom, library and other institutional furniture was about to succumb to bankruptcy. Four years later, Citizens Bank filed a civil suit in Winnebago County Circuit Court against Cowie and the companies he created to purchase Buckstaff — Oshkosh Industries Inc. and Oshkosh Furniture LLC.
The status of the business itself was unclear Wednesday, as Cowie did not return messages left for him. But a Buckstaff employee who declined to be identified said utility crews shut off power at the company's South Main Street complex shortly after noon Wednesday. At least four Wisconsin Public Service Corp. trucks were on the property early afternoon.
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