In re Chronetics, Inc.

Appeal from a decision of the Unemployment Insurance Appeal Board, filed August 11, 1971, which affirmed a referee decision sustaining the determination of the Industrial Commission revising appellant employer’s rate of contribution because of a transfer of the experience rating account of General Resistance, Inc., to the employer. On or about July 31, 1968 the appellant, Chronetics, Inc., purchased General Resistance, Inc. The business of General Resistance was continued under its own name and in the same premises it occupied prior to the acquisition. The board found that approximately 25%…