High Voltage Engineering, ASIRobicon emerge from bankruptcy
Staff -- Control Engineering, 9/1/2004
Wakefield, MA— High Voltage Engineering (HVE) Corp. reports that it and all of its U.S. subsidiaries emerged from Chapter 11 reorganization 163 days after initiating its bankruptcy filing.
HVE says its Third Amended Joint Chapter 11 Plan of Reorganization was confirmed by the U.S. Bankruptcy Court for the District of Massachusetts on July 21, 2004. In addition, as part of its emergence from Chapter 11, HVE obtained $45 million in exit financing from a lending group. HVE's businesses include ASIRobicon, Robicon Corp., and Evans Analytical Group.
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