Fw: this little story came up when I put in the search word silicone

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----- Original Message ----- From: ParfumGigi@...

MAM-NSIF@...

Cc: lillian45usa2000@... ; Tony Lambert 'Tiger'

Sent: Monday, July 16, 2001 4:14 AM

Subject: this little story came up when I put in the search word silicone

Burke Industries Inc. Files Voluntary Petition Under Chapter 11 of the Bankruptcy Code 06/25/01 BusinessWire SANTA FE SPRINGS, Calif.--(BUSINESS WIRE)--June 25, 2001--Burke Industries Inc. today announced that the company has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. Burke Industries Inc. is a leading, diversified manufacturer of highly engineered organic, silicone and vinyl based products for commercial construction, aerospace and other industrial markets. The company markets its products under the BurkeMercer, Burkeline, Haskon, Purosil and SFS brand names. The combination of a general economic downturn and rapidly increasing cost of utilities, insurance, certain raw materials and other overhead all contributed to the need for a Chapter 11 filing. The company thoroughly analyzed all of its available options and concluded that a reorganization under Chapter 11 is the only way to secure additional operating liquidity and financing, stabilize the company' financial condition, and maintain sufficient flexibility to restructure its debt while continuing to execute its business plan. The company has secured a commitment for Debtor-In-Possession financing from Bank of America, subject to court approval. The company believes that the financing package will, among other things, provide ample funding to maintain normalized business relationships with its vendors and maintain uninterrupted supply of products to its customers. While operating under the protection of Chapter 11, the company will seek to increase operating liquidity and continue the operating and financial restructuring it began in 2000. Copyright © 2001 Business Wire. All rights reserved. Accessed from Computer Database Plus © 1997 Information Access Co. All rights reserved. http://cma.zdnet.com/texis/techinfobase/techinfobase/+Gt_e58EoxzmwwwrqFqDFbgN0 R_vsXX9Km7mwwwhnzmwwwwpFqrp1xmwBnLFqnhw5B/display.html