Slimmed-Down Foundry Co. Neenah Exits Ch. 11

Law360, New York (July 30, 2010, 5:47 PM EDT) -- Iron foundry and heavy casting company Neenah Enterprises Inc. has successfully emerged from bankruptcy protection with its debt loan shaved down by $270 million and under the control of new equity owners.

The company announced Friday that it completed its trek through the Chapter 11 process within just six months in the U.S. Bankruptcy Court for the District of Delaware, having received confirmation for its first and only joint plan of reorganization earlier in July.

"We are pleased to have emerged from bankruptcy in less than...
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