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AGY Emerges from Bankruptcy After 15 Months - AGY and Carl Marks Consulting Group LLC Complete Restructuring, Appoint New CEO.

Publication: Advanced Materials & Composites News
Publication Date: 15-MAR-04 		Format: Online - approximately 825 words
Delivery: Immediate Online Access

Article Excerpt
April 6, 2004 - AGY Holding Corp., formerly Advanced Glassfiber Yarns, LLC, headquartered in Aiken, South Carolina, one of the largest global suppliers of glass fiber yarns used for electronic, industrial, construction and specialty applications, announced yesterday that it has emerged from Chapter 11 bankruptcy protection (as of April 2, 2004) and has appointed Douglas J. Mattscheck as the a new President and CEO.

High debt levels, the economic recession, falling product prices and demand, and the shift of its core electronics business to Asia caused AGY to file for voluntary reorganization under Chapter 11 in December 2002. AGY retained Carl Marks Consulting Group, LLC (CMCG), one of the country's leading corporate revitalization firms, to lead its turnaround and restructuring efforts and...

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