Pace Industries Die Caster Files Bankruptcy After Virus Shutdown

April 12, 2020, 11:29 PM UTC

The Fayetteville, Arkansas-based manufacturer lists KPI Holdings LLC of New York as its ultimate parent, which also seeks Chapter 11 protection in Delaware federal court.

  • Pace specializes in aluminum, zinc and magnesium die casting, per website
    • Serves automotive, recreational lawn and garden, lighting and electrical, medical, among others
  • The company told Michigan officials April 8 it was temporarily shutting its Muskegon plant for about 6 months and laying off about 450 people, citing Covid-19 impact
  • Estimated assets and liabilities of $100m to $500m
  • FTI Consulting is named as financial adviser; provides co-chief restructuring officers
  • Other advisers include Willkie Farr & ...





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