Taylor-Wharton International LLC emerges from Chapter 11


Taylor-Wharton International LLC (TWI), has successfully emerged from Chapter 11 restructuring and now implemented its court-authorised Plan of Reorganisation.

TWI is a leading global manufacturer of pressure vessels and precision valves for gas applications and in a significant development for the industrial gases business, its emergence from Chapter 11 brings to an end eight months of business restructuring.

The announcement follows the news that TWI had completed the sale of the assets of its Huntsville, Alabama cylinder operations and certain of the assets of its Harrisburg, Pennsylvania cylinder operations to the Norris Cylinder Company, as part of its restructuring.

While the company’s operations were largely unaffected by the restructuring, TWI managed to streamline certain of its functions, reduce overhead and operating expenses and realign its operations around its three business lines. Hence, TWI completed the sale of the aforementioned operations to Norris – allowing the company to focus on its American Welding and Tank, Sherwood Valve and Taylor Wharton Cryogenics businesses.

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