Fire trucks builders American LaFrance Files Chapter 11 Bankruptcy
Fire Engine manufacturer American LaFrance Monday to file for Chapter 11 bankruptcy protection, citing an inventory problems and depressed the market for emergency equipment.
In a petition filed U.S. Bankruptcy Court, Delaware, South Carolina, businesses reported having problems when moving from one unit Freightliner, which operated from 1995, the company until the end of 2005, its new owner.
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Freightliner provided that the accounting, inventory and services for wage list American LaFrance to June, the court has spoken of documents. At the American LaFrance was awarded to a new inventory system, there were customer data and problems.
The company was also independence to leave the number of vehicles in order, after the bankruptcy documents in the courts. The documents also cited new emission standards, said that the company requires changes in vehicle design.
The company, which employs about 1000 people in six countries, has more than 1000 creditors and more than $ 100 million of debt. American LaFrance, chapter 11, it protects the filing of appeals from creditors while reorganizing its finances.
A spokesman for the company was not immediately research on a telephone message for comment Monday.
The company furloughed about 100 employees in December, said some layoffs would be of unlimited duration and other employees would not be expected to be back in March. A spokesman said the leave during the period, the company update the inventory after the removal of last year, Charleston County to a new $ 62 million plant in Berkeley County.
The company employs about 500 staff on the ground, before the furlough.
American LaFrance has operating facilities in South Carolina, Florida, New York and Pennsylvania, as well as distribution and service activities in California and Oregon.
The company is one of the oldest Fire Equipment makers in the country, that the screening of their roots to a company founded in 1832.
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