IHS Chemical Week

World News and Views :: Top of the News

Wellman Files Chapter 11 to Facilitate Sale, Continue Operations

12:50 PM MST | February 25, 2008 | Rebecca Coons

Wellman along with several of its subsidiaries have filed petitions for Chapter 11 bankruptcy protection, saying they are unable to manage the cost of their debt obligations. The subsidiaries included in the filing are PTA Resources, Wellman Fibres, ALG, MRF, Warehouse Associates, MED Resins, Carpet Recycling of Georgia, Prince, Wellman of Mississippi, Josdav, and Fiber Industries. Wellman hired investment bank Lazard Frères (New York) last October to explore strategic alternatives, including possible sale of the company. "Although the Company has...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


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