Contech requests exclusivity extension to complete sale of assets

By Caroline Salls

Pittsburgh, April 30 - Contech U.S. LLC requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the Eastern District of Michigan.

The company wants to extend its exclusive plan-filing period to July 9 from June 1 and the solicitation period to Sept. 7 from July 29.

According to the motion, the company is focused on the sale of some of its assets and it cannot accurately gauge the value it will receive for the assets and make informed decisions about a plan of liquidation until these sales have been completed.

Contech, a Portage, Mich.-based auto parts manufacturer, filed for bankruptcy on Jan. 30. Its Chapter 11 case number is 09-42392.

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