Industry News

Greddy USA - Chapter 11 Filing

I got an email from Mike at Greddy today with a press release. Greddy USA filed for Chapter 11 today. Chapter 11 is a bankruptcy filing for reorganization. What this means to you is that business should continue as usual if supply chains are not interrupted. It will be tough for Greddy with all the banks around the world also suffering, but things should seamless and ok with some luck.

Greddy USA Press Release

From Mike Chung at Greddy USA:

GReddy Performance Products Inc., Parent Company to Undergo Reorganization

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