TITLE

C&A seeks to shed fabrics unit

AUTHOR(S)
Migliore, Greg
PUB. DATE
May 2006
SOURCE
Automotive News;5/22/2006, Vol. 80 Issue 6203, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Collins & Aikman Corp. asked the U.S. Bankruptcy Court last week to approve its plan to shut down its fabrics business. The company expects the business will lose $30 million over the next three years if it continues to operate. The company says closing the unit will reduce costs and make its remaining business more profitable. Collins & Aikman filed for Chapter 11 reorganization last May.
ACCESSION #
21269199

 

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