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Two distributors file Ch. 11 bankruptcy

Aug 21, 2013 | 05:29 PM |

Tags  Chapter 11, bankruptcy, Arlington Pipe & Supply, Metrolina Steel, creditor lists, All-Tex Pipe & Supply, American Brass & Aluminum Foundry, General Wire Spring Howell Metal

CHICAGO — Two distributors have filed for Chapter 11 bankruptcy protection over the past week.

Arlington, Texas-based Arlington Pipe & Supply Co., which distributes plumbing and piping materials from Arlington and Weatherford, Texas, filed documents Aug. 20 in U.S. Bankruptcy Court in Texas, listing assets and liabilities of at least $1 million.

Unsecured creditors listed in Arlington’s petition include All-Tex Pipe & Supply Inc., a Dallas-based distributor of pipe, valves and fittings (PVF); American Brass & Aluminum Foundry Co. Inc., City of Commerce, Calif.; General Wire Spring, McKees Rocks, Pa.; Howell Metal Co., a division of Irving, Texas-based Commercial Metals Co.; Kloeckner Metals, Dallas; McJunkin Redman Corp., Dallas; PVF supplier Merit Brass, Minneapolis; Metal Products Inc., a Springfield, Ore., stamper; and Sunbelt Group LP, a unit of Mississauga, Ontario-based Russel Metals Inc.

The filing did not include the individual amounts owed to unsecured creditors.

Metrolina Steel Inc., a Charlotte, N.C., distributor of sheet, plate and structural products that performs cut-to-length, shearing, bending, laser-cutting and burning services, filed its Chapter 11 petition Aug. 14 in U.S. Bankruptcy Court in North Carolina.

The company listed assets of less than $50,000 and liabilities of more than $1 million, including $386,500 to eight metal companies according to the list of unsecured creditors: Dallas-based Temtco Steel, owed $113,300; Namasco Corp., Atlanta, $73,100; Olympic Steel Inc., Pittsburgh, $70,400; Phoenix Metals Co., Atlanta, $52,400; JM Steel Corp., Pittsburgh, $34,500; Steel Warehouse Co., Chicago, $29,300; Chicago Tube & Iron Co., Romeoville, Ill., $8,000; and Mainline Metals, Bala Cynwyd, Pa., $5,500.

Other metal suppliers on the creditor list, but not among the top 20, include Lakeside Steel, Anderson, S.C.; Marmon/Keystone Corp., Atlanta; Stulz-Sickles Steel Co., Burlington, N.J.; and Cleveland-based TriAmerica Steel Resources LLC.

Arlington Pipe continues to operate, but AMM was unable to contact Metrolina Steel Aug. 21.

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