GEO Specialty Chemicals, Inc. Announces Prompt Emergence From Chapter 11.
PR Newswire Europe, January, 2005
CLEVELAND, January 3 /PRNewswire/ -- GEO Specialty Chemicals, Inc. and its subsidiary, GEO Specialty Chemicals Limited (together, "GEO"), announced that they emerged from bankruptcy on December 31, 2004 pursuant to their plan of reorganization approved by the United States Bankruptcy Court for the District of New Jersey on December 20, 2004.
"GEO's emergence from Chapter 11 in just over nine months from its filing date is a testament to the hard work and commitment of our employees and the support of our financing sources, key vendors and customers. Our plan ultimately enjoyed the support of all classes of creditors and its confirmation by the Bankruptcy Court on December 20, 2004 clears the way for a significantly de-levered GEO to focus on serving its...
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