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Werner Co. was founded in 1922 by Richard D. Werner as "R. D. Werner Co., Inc.," which specialized in metal moldings. R. D. Werner Co., Inc. became a leader in plastics extrusion during the World War II restrictions on civilian metal usage. After the war, Werner started working with aluminum and developed an emphasis on producing aluminum ...
Former U.S. Senator Herb Kohl was the long-time owner of the team, but on April 16, 2014, a group led by billionaire hedge fund managers Wes Edens and Marc Lasry agreed to purchase a majority interest in the team from Kohl, a sale which was approved by the owners of the NBA and its Board of Governors one month later on May 16. [10]
The sale was approved eleven months later on April 23, 2024; however because of issues concerning Nexstar's management of Mission-owned WPIX/New York City (which resulted in a $1.82-million fine, and a requirement for Mission to sell the station to Nexstar or an independent third-party to comply with FCC ownership rules that the LMA's structure ...
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