DCL Corporation initiated restructuring in the US and Canada to facilitate the sale of the business

(Information sent by the signing company)

TORONTO, Dec. 21, 2022 /PRNewswire/ — To facilitate the ongoing process of selling its business, DCL Corporation (DCL or the Company), a leading manufacturer and distributor of color pigments, today announced that, as of December 20, 2022, its United States-based affiliate has filed a voluntary petition for court-supervised reorganization under Chapter 11 of the Bankruptcy Code (Chapter 11) with the United States Bankruptcy Court for the District of Delaware. At the same time, the Company and its Canadian subsidiaries have also commenced restructuring proceedings in Canada under court supervision pursuant to the Company Creditors Regulatory Act, RSC 1985, c. C-36, in its modified version (CCAA).

Roderick Gilbert

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