NEW YORK Revstone Industries LLCs bankruptcy protection filing hasnt affected die casters Contech Castings LLC and Texas Die Casting, a Revstone spokesman said.
While Revstone Industries has previously been reported as the parent company of Contech Castings and Texas Die Castingand the companies are listed as subsidiaries on the Revstone websitea Revstone spokesman told AMM Friday that the die casters are actually subsidiaries of Revstone Transportation, "a completely separate entity."
"Revstone Transportation and its affiliated companies are not affected by the bankruptcy," he said. "In fact, Contech is launching new programs and winning new business."
Revstone Industries, a manufacturer of cast and formed metal components, filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware on Dec. 3. The company is based in Lexington, Ky., but registered in Delaware.
Further details on the relationship between Revstone Transportation and Revstone Industries werent available.
Court documents show that General Motors Co. and Sapa Extrusions North America are among the companys unsecured creditors, listing debts of more than $618,000 and $547,000, respectively.
"Were monitoring this situation closely, but currently we do not expect any interruptions in supply," a spokesman for Detroit-based General Motors told AMM.
Rosemont, Ill.-based Sapa Extrusions, a division of Stockholm, Sweden-based Sapa AB, wouldnt comment on the bankruptcy filing.
A creditors meeting has been scheduled for Jan. 9 in Wilmington, Del.