Plymouth Rubber, Brite-Line Exit Ch. 11
Plymouth Rubber Company, Inc., Canton, MA, and its wholly-owned subsidiary, Brite-Line Technologies, Inc., have emerged from Chapter 11, supported by an infusion of new equity from Chrysalis Capital Partners, LP, a private equity firm, and a new senior credit facility provided by Wells Fargo Business Credit. The companies' Plan of Reorganization, which became effective Sept. 5, was approved by the U.S. Bankruptcy Court on July 26.
Plymouth Rubber is a manufacturer of high quality vinyl and rubber tapes for use in the automotive, electrical and other industries; Brite-Line manufactures high quality rubber reflective highway marking tapes and materials.
The businesses will continue to operate under the Plymouth and Brite-Line names, and the ...