Bankruptcy filing for drill rig maker 

SCHRAMM plans to sell its oil and drill rig making business after filing for Chapter 11 bankruptcy. 

Bankruptcy filing for drill rig maker  Bankruptcy filing for drill rig maker  Bankruptcy filing for drill rig maker  Bankruptcy filing for drill rig maker  Bankruptcy filing for drill rig maker 
 
It is understood the company has secured an initial US$16.3 million offer from private equity firm GenNx360 Capital Partners to get the process started.
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