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Amtrol Holdings Files For Chapter 11 Bankruptcy

Law360 (December 19, 2006, 12:00 AM EST) -- Amtrol Holdings Inc., a private company that manufactures parts for water, heating and ventilation systems, filed for Chapter 11 reorganization protection on Monday in the U.S. Bankruptcy Court for the District of Delaware.

Amtrol’s bankruptcy filing was precipitated by a failed recapitalization plan to avoid a $188 million loan that was set to mature in December 2006. Amtrol tried numerous times to sell all or part of the company with the last deal falling through on December 6.

Instead, Amtrol’s majority note holders, the investment firm...
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