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Chemical producer expects quick exit from Ch. 11.(News)
Crain's Cleveland Business, March, 2004
Byline: SCOTT SUTTELL The CEO of GEO Specialty Chemicals Inc. in Beachwood expects the company to have a short stay in Chapter 11 bankruptcy proceedings. George P. Ahearn, president, CEO and one of the founders of GEO, said his goal is to have the company out of Chapter 11 before the end of this year.
The company filed March 18 for Chapter 11 protection from creditors in U.S. Bankruptcy Court in Newark, N.J. "Our objective is to emerge from (bankruptcy) this year as a stronger company,'' Mr. Ahearn said in an interview last week. GEO is a privately held global manufacturer of specialty chemicals serving the water treatment, rubber and plastics, coating, construction, opto-electronics and compound semiconductor industries. GEO has 18 plants in the United...
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