Collins & Aikman Corporation president and chief executive officer Frank Macher has confirmed that the cockpit and interiors specialist is on track to emerge from bankruptcy as either a stand-alone entity or having been sold off in pieces.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“The company has… begun the process of marketing portions or all of [its] assets to determine their market value for a potential sale, merger or equity infusion from investors,” C&A said in a statement.
“We are in the midst of developing a comprehensive business plan that includes detailed, three-year projections to determine our base value,” said Macher.
“From there, we will evaluate the benefits of structuring the company as a stand-alone entity or explore the possible sale or merger of our assets to a third party. Ultimately, we will choose the path that creates the most value for our stakeholders.”
C&A added it was still in the preliminary stages of developing a reorganisation plan.
