IHS Chemical Week

RPM Seeks Chapter 11 Protection for Units Linked to Asbestos

3:42 PM MDT | June 7, 2010 | Nancy Seewald

Bondex and its holding company Specialty Products Holding Corp. (SPHC), two non-operating subsidiaries of RPM International, have filed for Chapter 11 bankruptcy protection in Delaware in an attempt to resolve claims related to the units’ past and future asbestos liabilities. The filing does not have any impact on RPM’s operating units. RPM says the move brings to a halt annual costs of about $60 million-$80 million, and will improve its annual cash flow by about $50 million. “This action has been taken to once and for all resolve the asbestos-related...

If you have already signed up for access to Chemical Week Regulatory Watch, please log in here.


Forgot your user ID or password?
Click here to have it sent to you. 

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa