Date: Fri 04-Oct-1996
Date: Fri 04-Oct-1996
Publication: Bee
Author: STEVEB
Quick Words:
Trudeau-Amoco
Full Text:
Mired in bankruptcy court, William Trudeau, Sr, parted ways with the American
Oil Company (Amoco) earlier this week. The service station on Church Hill Road
is now under new ownership.
PNM Enterprise, Inc of Norwalk opened for business Tuesday morning. The
service station is now officially known as DBA, Newtown Amoco.
Richard Patchen, an Amoco dealer in Norwalk for 25 years, along with Bill
Galasso, Frank Mastroluca and Stephen Hill are partners in the business,
according to Mr Galasso.
Mr Trudeau, his wife, Barbara, and their son William, Jr, are the principals
in several Trudeau businesses that have filed bankruptcy petitions in US
Bankruptcy Court since the summer of 1995.
Asked if he was concerned about existing liens against the business from the
previous ownership, Mr Galasso said it was all being dealt with in bankruptcy
court.
According to Amoco's Gary Shute, Mr Trudeau of 88 Riverside Road, who owned
the service station for more than 20 years, was forced to give up the business
due to his financial difficulties and ongoing court proceedings. With Mr
Trudeau apparently short of both gas and cash, paper bags had covered the gas
nozzles at the service station more and more in recent weeks.
Mr Trudeau apparently filed a mutual termination agreement with Amoco in late
May. Since that time, Mr Trudeau continued to run the business until a new
franchisee could be found.
"We did not want to disrupt the service to folks who use the station," Mr
Shute explained.
Mr Trudeau was unavailable for comment Thursday morning.
