Plastech seeks bankruptcy court approval for sale

Newswire

DETROIT, May 20 (Reuters) - Bankrupt auto parts supplier Plastech Engineered Products Inc is seeking court approval to sell its businesses and said it is in talks to sell its interiors unit to Johnson Controls Inc , its largest direct customer. Plastech has asked the U.S. Bankruptcy Court in Detroit to approve bidding rules and a proposed June 16 auction for its four main businesses and other assets, according to a motion filed late on Friday. Privately held Plastech filed for Chapter 11 ...

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