Printer Friendly

REORGANIZATION PLAN FILED: MILESTONE IN E-II'S RESTRUCTURING PROCESS SUBSIDIARIES POISED FOR FURTHER GROWTH

REORGANIZATION PLAN FILED: MILESTONE IN E-II'S RESTRUCTURING PROCESS
 SUBSIDIARIES POISED FOR FURTHER GROWTH
 NEW YORK, July 15 /PRNewswire/ -- In commenting on E-II Holdings Inc.'s reorganization plan which the company filed today, Chairman and Chief Executive Officer Steven J. Green said, "The filing of our reorganization plan is an important turning point in E-II's recent history. It now enables us to give more attention to the future of our operating subsidiaries (including Samsonite Corporation, Culligan International Company and McGregor Corporation), which remain independent and are poised for continued profit and growth.
 "After working aggressively to restructure E-II's debt over the last 20 months, this plan is a very positive indication that the company is moving forward as bondholders recover substantial value and the operating companies continue to report substantial earnings."
 With the plan of reorganization, E-II consented to the previous chapter 11 filing. The chapter 11 filing will have no impact on the continued operations of its independent subsidiaries. The subsidiaries have not filed for Chapter 11.
 E-II Holdings Inc. is a holding company with subsidiaries engaged in the manufacturing and distribution of a variety of consumer products marketed throughout the world. E-II's core businesses are: Samsonite (luggage); Culligan (water treatment equipment); McGregor (including: The 500 Fashion Group, men's tailored clothing; Anvil, T-shirts; and Global Licensing, licensing trademarks); and Pet Specialties (pet food).
 -0- 7/15/92
 /CONTACT: Michael Kempner or Stan Steinreich of MWW/Strategic Communications, 201-342-9500, for E-II/ CO: E-II Holdings Inc. ST: New York IN: HOU SU: RCN


KD -- NY104 -- 9777 07/15/92 17:56 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 15, 1992
Words:260
Previous Article:E-II HOLDINGS INC. FILES CHAPTER 11 REORGANIZATION PLAN
Next Article:PCS SELECTED TO MANAGE BENEFITS FOR 3.1 MILLION MEMBERS
Topics:


Related Articles
E-II HOLDINGS: INVOLUNTARY FILING HAS NO IMPACT ON REORGANIZATION PLAN AND OPERATIONS OF ITS SUBSIDIARIES
E-II HOLDINGS INC. FILES CHAPTER 11 REORGANIZATION PLAN
E-II HOLDINGS REACHES AGREEMENT IN PRINCIPLE ON OUTSTANDING DEBT
E-II HOLDINGS REACHES AGREEMENT IN PRINCIPLE ON OUTSTANDING DEBT
BANKRUPTCY COURT REJECTS ICAHN'S ATTEMPT TO FILE ALTERNATIVE PLAN FOR E- II HOLDINGS; COMPANY TO SOLICIT APPROVAL FOR REORGANIZATION PLAN
ATC Successfully Emerges From Chapter 11 Reorganization.
NutraMax Announces Completion of Key Financial Transactions and Approval of Disclosure Statement.
Owens Corning Pursues Restructuring, Growth Initiatives.
Lason Files Plan of Reorganization and Disclosure Statement.
Data Transmission Network Corporation Reaches Agreement With Secured Lenders To Restructure Debt.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters