EVANSVILLE, Ind. — Wheel manufacturer Accuride Corp. has announced it has emerged from Chapter 11 bankruptcy protection.
The company filed for Chapter 11 protection in October, 2009. Just five months later, it says it has emerged with a new capital structure.
“Entering Chapter 11 with a pre-arranged agreement and the continued support of our lenders, allowed Accuride to emerge in an expeditious manner,” said Bill Lasky Accuride’s president, CEO, and chairman. “Accuride has always been a solid leader in product innovation and operational efficiency. Our improved financial structure, coupled with the respect of our industry brands, will allow us to pursue initiatives to further expand our product offering and geographic penetration, while in turn providing increased solutions for our customers and greater value for our shareholders.”
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