Arch Aluminum Issues Statement on Chapter 11 Filing
November 30, 2009

Arch Aluminum & Glass Co. Inc. of Tamarac, Fla., has issued a statement on its Chapter 11 bankruptcy filing. According to the statement, the company has reached an agreement to sell substantially all of its assets to an affiliate of Grey Mountain Partners LLC, a private equity firm located in Boulder, Colo.

Arch chief executive officer Leon Silverstein says, "This transaction gives ARCH the ability to dramatically reduce its debt and emerge a stronger company."

CLICK HERE to read the full statement.

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