Focus Management Group Appointed CRO to Manage Continental AFA Dispensing Company in Its Chapter 11 Case
Tampa, FL, September 20, 2008 --(PR.com)-- Focus Management Group (“Focus”) has been appointed as Advisor and Chief Restructuring Officer to Continental AFA Dispensing Company and its subsidiaries (collectively, “CAFA”) under an Order entered by the United States Bankruptcy Court for the Eastern District of Missouri, effective August 8, 2008.
Continental AFA and its wholly-owned subsidiaries, Continental Sprayers International, Inc. (“CSI”) and AFA Products, Inc. (“AFA”), filed a voluntary chapter 11 petition in the Eastern District of Missouri United States Bankruptcy Court on August 7, 2008.
CAFA, headquartered in St. Peters, MO, designs, manufactures and supplies high quality plastic trigger sprayers and other liquid dispensing technologies and systems for major consumer product companies and industrial markets. CAFA has been positioned as one of two United States manufacturers of trigger sprayers for major consumer products companies. These offerings are integrated into (i) household consumer products for cleaning, laundry and lawn and garden applications and (ii) industrial and commercial products for automotive, janitorial and sanitation uses. CAFA also manufactures lotion, treatment, fine mist and condiment pumps.
CAFA‘s dispensing products are sold primarily to (i) multinational, national and regional manufacturers of brand name and private label consumer products and (ii) independent distributors of containers and packing products. North America is the principal market for CAFA’s products. These products are found in a wide variety of consumer product outlets, including Wal-Mart, Target, Lowe's, Home Depot, grocers and other consumer product outlets. CAFA possesses leading industry technology, including over 370 active and pending trademarks and patents worldwide.
Focus has been appointed by the Court (i) to provide assistance with CAFA’s Chapter 11 filing including the review and preparation of budgets, filing documents and DIP financing, (ii) to assume control over CAFA’s cash and manage all elements of its working capital, (iii) to manage and facilitate the orderly wind-down and liquidation of CAFA’s assets and (iv) to serve on CAFA’s Board of Directors.
The Focus team is led by Joseph Figlewicz, a Managing Director of Focus Management Group. Figlewicz is a restructuring advisor with extensive experience in chapter 11 reorganizations, distressed business sales, financial restructurings and operational turnarounds. He can be reached at 800-528-8985 or j.figlewicz@focusmg.com.
About Focus Management Group
Focus Management Group provides nationwide professional services in turnaround management, insolvency proceedings, business restructuring and operational improvement with a senior-level team of eighty professionals. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Cleveland, Greenwich, Los Angeles and Nashville, the firm provides a full portfolio of services to distressed companies and their stakeholders, including secured lenders and equity sponsors.
For additional information about Focus Management Group, please visit www.focusmg.com or call 800-528-8985.
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Continental AFA and its wholly-owned subsidiaries, Continental Sprayers International, Inc. (“CSI”) and AFA Products, Inc. (“AFA”), filed a voluntary chapter 11 petition in the Eastern District of Missouri United States Bankruptcy Court on August 7, 2008.
CAFA, headquartered in St. Peters, MO, designs, manufactures and supplies high quality plastic trigger sprayers and other liquid dispensing technologies and systems for major consumer product companies and industrial markets. CAFA has been positioned as one of two United States manufacturers of trigger sprayers for major consumer products companies. These offerings are integrated into (i) household consumer products for cleaning, laundry and lawn and garden applications and (ii) industrial and commercial products for automotive, janitorial and sanitation uses. CAFA also manufactures lotion, treatment, fine mist and condiment pumps.
CAFA‘s dispensing products are sold primarily to (i) multinational, national and regional manufacturers of brand name and private label consumer products and (ii) independent distributors of containers and packing products. North America is the principal market for CAFA’s products. These products are found in a wide variety of consumer product outlets, including Wal-Mart, Target, Lowe's, Home Depot, grocers and other consumer product outlets. CAFA possesses leading industry technology, including over 370 active and pending trademarks and patents worldwide.
Focus has been appointed by the Court (i) to provide assistance with CAFA’s Chapter 11 filing including the review and preparation of budgets, filing documents and DIP financing, (ii) to assume control over CAFA’s cash and manage all elements of its working capital, (iii) to manage and facilitate the orderly wind-down and liquidation of CAFA’s assets and (iv) to serve on CAFA’s Board of Directors.
The Focus team is led by Joseph Figlewicz, a Managing Director of Focus Management Group. Figlewicz is a restructuring advisor with extensive experience in chapter 11 reorganizations, distressed business sales, financial restructurings and operational turnarounds. He can be reached at 800-528-8985 or j.figlewicz@focusmg.com.
About Focus Management Group
Focus Management Group provides nationwide professional services in turnaround management, insolvency proceedings, business restructuring and operational improvement with a senior-level team of eighty professionals. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Cleveland, Greenwich, Los Angeles and Nashville, the firm provides a full portfolio of services to distressed companies and their stakeholders, including secured lenders and equity sponsors.
For additional information about Focus Management Group, please visit www.focusmg.com or call 800-528-8985.
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Focus Management Group
Kristin Myers
813.281.0062
www.focusmg.com
Kristin Myers
813.281.0062
www.focusmg.com
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