Adcor Industries loses millions of dollars in goods

Published May 11, 2007 4:00am ET



When Alex Levine got the call Wednesday night that fire had broken out at Adcor Industries? warehouse, the company?s chief financial officer rushed to the scene, where millions of dollars of product was stored.

“Looking at the fire, it was hard to comprehend what had happened,” Levine said. “We started the business at that location 15 years ago, and it was our primary distribution center where we stored our product. We lost a significant amount of inventory ? our losses are in the millions.”

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