NEW YORK — Malden Mills Industries Inc., which filed for Chapter 11 last fall during a wave of bankruptcies that swamped many top U.S. mills, said Monday that it expects to file its reorganization plan with a Worcester, Mass., U.S. Bankruptcy Court by the end of the month.

David Costello, business manager at the Lawrence, Mass.-based maker of polyester fleece, said if the court approves its plan, the company expects to return to solvency by the end of the year.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus