Sun-Backed Indalex Files for Chapter 11

NEW YORK (Reuters) – Indalex Inc., an Illinois maker of soft alloy aluminum extrusion products, filed for Chapter 11 bankruptcy protection on Friday, according to court documents.

Indalex and four affiliates listed assets of between $100 million to $500 million and liabilities of between $100 million to $500 million, according to documents filed with the U.S. Bankruptcy Court in the District of Delaware.

Indalex’s largest unsecured creditors include Alcoa Inc (AA.N) to which it owes $6 million, and Rio Tinto Alcan(RIO.L)(RIO.AX), which it owes $5 million.

The case is In re: Indalex, U.S. Bankruptcy Court, District of Delaware, No. (Reporting by Phil Wahba; editing by Carol Bishopric)

peHUB Note: Sun Capital Partners bought Indalex from Honeywell in 2005, for $425 million.