Reichhold Holdings seeks two-month extension of exclusivity periods

By Mark Reccek

Bethlehem, Pa., Aug. 28 – Reichhold Holdings US, Inc. requested court approval to extend its exclusive periods for filing a Chapter 11 plan of reorganization and soliciting votes on the plan, according to a motion filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The company is requesting an extension of its exclusive filing period to Nov. 27 from Sept. 28 and its solicitation period to Jan. 25 from Nov. 26.

According to the motion, the company is requesting the extension to allow it more time to negotiate a liquidation plan and prepare the disclosure statement

Reichhold supplies resins for the industrial, transportation, construction, marine, consumer and graphic arts markets. It is based in Durham, N.C. The company filed for bankruptcy on Sept. 30, 2014 under Chapter 11 case number 14-12237.

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