CHICAGO Two Revstone
Industries LLC subsidiaries have filed for Chapter 11
protection in U.S. Bankruptcy Court in Delaware, listing metal
suppliers among their largest unsecured creditors.
Lexington, Ky.-based Greenwood
Forgings LLC has estimated assets of between $1 million and $10
million and liabilities of between $10 million and $50 million,
according to documents filed Jan. 7 and signed by company
chairman George S. Hofmeister.
unsecured creditor is Sapa Industrial Extrusion, Cressona, Pa.,
which is owed $552,568, according to court records. Sapa
Industrial Extrusion is a division of Rosemont, Ill.-based Sapa
Extrusions North America, part of Swedish aluminum extruder
Sapa AB. Other top unsecured creditors include Hillsdale Hourly
Pension Plan, Versailles, Ky., owed $251,565, and Kiertech
Enterprises, Tavares, Fla., owed $167,253.
Also filing for Chapter 11
bankruptcy protection was U.S. Tool & Engineering LLC,
which has assets of between $500,000 and $1 million and
liabilities of between $1 million and $10 million, according to
documents also dated Jan. 7 and signed by Hofmeister, who is
listed as chairman of U.S. Tool & Engineering.
The largest unsecured claim
against U.S. Tool & Engineering is held by Boston Finance
Group LLC, which is owed more than $4.5 million. Die firms
holding unsecured claims include Precise Engineering Corp.,
owed $104,000, Superior Die Set Corp. (owed $89,317) and
Riviera Tool LLC (owed $73,486). Also holding unsecured claims
are Integrity Steel Co., owed $43,283, Dietech Tooling
Solutions (owed $42,407) and distributor Peerless Steel (owed
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
but registered in Delaware (amm.com, Dec. 17).
Revstone acquired Greenwood from
Kaiser Aluminum Corp. in 2010 in a deal valued at $4.8 million
(amm.com, Aug. 5, 2010).