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TORONTO, Dec. 22, 2022 /PRNewswire/ — To facilitate the ongoing process to sell its businesses, DCL Corporation (DCL or the Company), a leading manufacturer and reseller of color pigments, announced today that, on December 20, 2022, its United States based subsidiaries have filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the Bankruptcy Code (Chapter 11) in the U.S. Bankruptcy Court for the District ofDelaware. Contemporaneously, the Company and its Canadian subsidiaries have also commenced court-supervised restructuring proceedings in Canada under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (CCAA).
As part of these filings, DCL has entered into a stalking horse …
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