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The Apache Railway Co. announced yesterday that it was purchased by a group formed by the Aztec Land and Cattle Co. Ltd. and other related entities.The Apache's management will remain in place, and its 21-employee workforce is expected to continue expanding to meet demand, according to a press release issued by the Arizona Commerce Authority (ACA); the town of Snowflake, Ariz.; Navajo County, Ariz.; and financial lender Clearinghouse CDFI.The thee-year effort to save the Apache began after the 2012 closure of the Catalyst Paper Mill, which later led a California investment group to purchase the mill and the railway out of bankruptcy. Leaders in Navajo County, then formed the Snowflake Community Foundation (SFC) to purchase the Apache from the investment group using short-term financing, officials said in the release.
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