Steinhafel's American TV Purchase Approved
MADISON, Wis. (AP) -- A Dane County judge has approved the sale of five American TV & Appliance stores for a total of $21 million, including three to the Steinhafels furniture chain.
American TV went out of business last month and shuttered 11 locations. Nearly 1,000 people in Wisconsin, Illinois and Iowa lost their jobs.
Steinhafels president Gary Steinhafel says the Pewaukee company will hire 125 to 150 people to work at the three stores it's purchasing in Grand Chute, Oak Creek and on Madison's east side. He says the stores will be remodeled and will likely open in the fall.
The State Journal says Judge Rhonda Lanford also approved the sale of stores in Pewaukee and Brown Deer and a parcel of land in Oak Creek to American Property Acquisition.