Trainor Glass Files for Chapter 11

Trainor Glass Co. filed for Chapter 11 bankruptcy on Friday, March 9, in the U.S. District Court for the Northern District of Illinois.

The company, which closed in late February, reports debt between $50 and $100 million in its voluntary petition, signed by its president, Thomas Trainor. Its 20 largest unsecured claims total nearly $12 million. There was no list of secured claims included with the court filing.

Among its largest creditors are the following industry suppliers:

  • United Architectural Metals of North Canton, Ohio, with a claim of $1.4 million;
  • Viracon Inc. in Owatonna, Minn., with a claim of $1.1 million;
  • EFCO in Monett, Mo., with a claim of $1.1 million;
  • Architectural Systems Inc. in Monett, Mo., with a claim of $881,038;
  • Oldcastle in Wright City, Mo., with a claim of $615,084.74;
  • Design Engineering Consulting in Richardson, Texas, with a claim of $594,315.00;
  • Insulating Solutions in McKinney, Texas, with a claim of $589,389.98;
  • Kawneer Co. in Norcross, Ga., with a claim of $503,307.00;
  • J.E. Berkowitz in Westville, N.J., with a claim of $498,906.38;
  • Western Glass in Ogden, Utah, with a claim of $485,751.00; and
  • Graham Architectural Products in York, Pa., with a claim of $350,920.00.

A creditors meeting is scheduled for April 24. Officials at Trainor Glass could not be reached for comment at press time. Please stay tuned to www.USGNN.com™ for more as this story develops.

This entry was posted in Company News, News. Bookmark the permalink.

Leave a Reply