Radnor unsecured creditors committee disbanded after all seven members resign

By Caroline Salls

Pittsburgh, Nov. 13 - Radnor Holdings Corp.'s official committee of unsecured creditors was disbanded after all seven members resigned, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

U.S. Trustee Kelly Beaudin Stapleton said there does not appear to be enough interest among the company's remaining unsecured creditors to reform the committee at this time.

As previously reported, the committee was comprised of Laura L. Moran of U.S. Bank NA, Boston; Jeremy Bloomer of Airlie Group, Greenwich, Conn.; Mark Manski of Barclays Bank plc, New York; Timothy Gramatovich of Peritus I Asset Management LLC, Santa Barbara, Calif.; Letitia H. White of Total Petrochemicals USA, Inc., Houston; Donald Hamilton of Lyondell Chemical Co., Houston; and Eric Cohen of Polar Plastics, Inc., Saint-Laurent, Quebec.

Radnor, a Radnor, Pa.-based foam cup, container and expandable polystyrene bead manufacturer, filed for bankruptcy on Aug. 21, 2006. Its Chapter 11 case number is 06-10894.

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