Collins & Aikman Corp. says it will sell its operations, whole or in part, to maximize the value of the company for creditors and to preserve the largest number of jobs for its employees. The move is part of the supplier’s plan of reorganization filed Aug. 30 in U.S. Bankruptcy Court. In conjunction with the sale process, the company says it likely will announce the consolidation and/or closure of additional facilities in the near future. “We have maintained a dialogue with a number of ...
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