Brillion’s Parent Company Accuride Gains Court Approval For Reorganization Plan

Farm Equipment Magazine reports that Accuride Corporation announced that the United States Bankruptcy Court for the District of Delaware has confirmed the Company’s Plan of Reorganization. Accuride’s products are marketed under its brand names, which include Accuride, Gunite, Imperial, Bostrom, Fabco, Brillion, and Highway Original.

“The reorganization plan will allow Accuride to emerge from Chapter 11, after only five months, with the financial flexibility necessary to ensure the continued pursuit of our strategic objectives,” said Bill Lasky, Accuride’s President, CEO, and Chairman of the Board. “This new capital structure, coupled with the significant operational restructuring initiatives we have implemented, will position the company for future growth and the continued leadership of our brands.”

On October 8, 2009, Accuride’s U.S. entities filed a voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware. For more information go to Accurideinfo.com.