The Kolster Radio Corporation was an electronics manufacturer and distributor[1] based in Newark, New Jersey, which went bankrupt in January 1930.
[3] Three receivers were appointed on January 21, 1930, to handle the failure of the company, which was located at 200 Mount Prospect Avenue in Newark.
However, because of overproduction, it suffered an inability to raise cash to fulfill its immediate obligations.
[2] Under a plan approved by receivers, the Kolster plant in Newark reopened after March 1930.
The production facility fulfilled the completion of 15,000 partly built radio sets.