Email this article from PlasticsNews.com
Beleaguered gas can manufacturer Blitz USA closing down
MIAMI, OKLA. (June 13, 10:15 a.m. ET) — Plastic fuel can molder Blitz USA Inc. will shut operations after unsuccessfully trying to reorganize under Chapter 11 bankruptcy protection since Nov. 9, 2011, according to a newspaper report. The July 31 shutdown will affect 117 employees. Blitz has been facing a storm of lawsuits blaming its products for consumer injuries caused by fires. The firm spent some $30 million on product liability suits and owes $3.5 million in legal fees.
More Events > Upcoming Events
A. Schulman sues former Citadel owners claiming 'fraudulent business practices'
NEWS Wednesday, June 29
UK plastics firms merger creates Omega Group
NEWS Monday, November 23
Plastics News Now: Iowa molder honored for hiring program
MULTIMEDIA01 Thursday, June 30
We need to find real solutions
BLOG01 Thursday, June 30
Obituary: Stanley Gault, former Rubbermaid CEO
NEWS Thursday, June 30