Article tools: Share:

Schwing America, Inc., Successfully Exits Chapter 11

Schwing America,Inc. a leading manufacturer of concrete equipment successfully emerged from Chapter 11. The company’s plan of reorganization was approved by the Federal Bankruptcy Court after nine months of protection. Schwing completed the payoff to existing lenders from funds obtained from a pool of European banks. CEO Brian Hazelton thanked customers, the Schwing family and suppliers for their support. In an unusual display of support, 100- percent of the unsecured creditors voted in favor of Schwing’s reorganization plan, according to court documents.

The company has increased head count in their Call Center to handle expanding business activity. Schwing is planning new model introductions and technologies for the company’s line of concrete pumps, truck mixers and batch plants. Schwing America currently markets throughout North America and was recently assigned sales and marketing responsibilities for Central and South America which will increase revenues.

For more information visit www.schwing.com, or call 888-SCHWING

Leave A Comment