Arch Aluminum files for Chapter 11, announces recovery plan
Dec 01, 2009 | 10:46 AM
| Anne Riley
Arch Aluminum & Glass Co. Inc. has announced plans to pull itself out of bankruptcy just five days after initiating the filing.
The Tamarac, Fla.-based fabricator and distributor of architectural components, which submitted a voluntary Chapter 11 petition last week with the U.S. Bankruptcy Court in Southern Florida, said Monday that it had entered into an agreement to sell almost all of its assets to an affiliate of private equity firm Grey Mountain Partners LLC (GMP), Boulder, Colo. GMP will serve as a stalking horse bidder in an expedited auction process, and no other bidders are expected at this time, according to Max Perilstein, director of marketing for Arch.....
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