Metex Mfg. secures exclusivity extension to complete due diligence

By Caroline Salls

Pittsburgh, Sept. 12 - Metex Mfg. Corp. received an extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Metex's exclusive filing period was extended through Jan. 21 from Sept. 16 and the solicitation period through March 20, 2014 from Nov. 15.

The company said its unsecured creditors committee and future claimants' representative are continuing their due diligence of Metex and its financial affairs.

According to the motion, the company plans to begin plan negotiations once the due diligence is completed.

Metex, a Great Neck, N.Y.-based tile manufacturer, filed for bankruptcy on Nov. 9, 2012. Its Chapter 11 case number is 12-14554.

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