RathGibson Files for Chapter 11

Posted on: July 13, 2009 by PEHub AdministratorNo Comments »

WILMINGTON, Del. (Reuters) – Two U.S. manufacturers filed for bankruptcy on Monday with combined debts of about $600 million, both victims of the economic recession and frozen credit markets. One of the companies is RathGibson Inc of Lincolnshire, Illinois, which manufactures custom tubing and pipes for the chemical, energy and pharmaceutical industries, among others. RathGibson, [...]