Tyco Unit Yarway Enters Ch. 11 Saddled With Asbestos Claims
Acquired by Tyco in 1997, the 105-year-old company once produced steam traps, control valves, gauges and other equipment but ceased manufacturing operations in 2003. Yarway estimates its current assets and liabilities between $100 million and $500 million, according to the bankruptcy petition.
“Yarway's decision to...
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