Arch Aluminum Issues Statement on Chapter 11
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."
HERE to read the full statement.
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