Werner granted two-month exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., Feb. 1 - Werner Holding Co. (DE), Inc. obtained a two-month extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to March 9 from Jan. 15 and the solicitation period to May 8 from March 16.

When requesting the extension, Werner said it was necessary in order to allow the company to complete its operational restructuring, which is key to formulating a 2007 budget and long-term business plan, valuing the business and formulating and negotiating a plan of reorganization.

Werner, a Greenville, Pa., manufacturer and distributor of ladders, climbing equipment and ladder accessories, filed for bankruptcy on June 12, 2006. Its Chapter 11 case number is 06-10578.

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