One of the largest employers in the Southern Tier is breathing a sigh of relief as they successfully pulled off a maneuver that could save their business. Endicott Interconnect was sold Thursday to Integrian Holdings in a deal worth about $20 million. Court paperwork shows Endicott Interconnect racked up more than $60 million in debt and hundreds of millions in losses from 2009 on. People involved in their restructuring testified in Utica bankruptcy court that the company laid off hundreds of workers attempting to stay afloat. They declared bankruptcy this summer and put themselves up for sale to 129 different parties. Tuesday, there was an auction between the four remaining parties who were actually qualified to bid. Among them, Integrian Holdings, a company run by the Matthews family. Integrian was able to buy EI for a deal that amounts to roughly $20 million.
