Exide Technologies Bankruptcy | Chapter 11 | June 10, 2013
Exide Technologies files Chapter 11 Bankruptcy on June 10, 2013.
Exide Technologies filed for protection under Chapter 11 of the United States Bankruptcy Code on June 10, 2013. The bankruptcy case is pending under Case No. 13-11482, United States Bankruptcy Court, District of Delaware.
According to its pleadings, as of March 31, Exide had $1.9 billion in assets and $1.1 billion in liabilities
Exide, has operations in more than 80 countries, and is a global leader in stored electrical energy solutions and one of the world’s largest producers and recyclers of leadacid batteries.
The Debtor, headquartered in Milton, Georgia, operates 13 manufacturing facilities in the United States. The Debtor also operates approximately 74 branches4 throughout North America, which sell and distribute batteries and other products to customers, battery specialists, retail stores, and OEM dealers. In addition, branch locations collect spent batteries for the Debtor’s recycling facilities. On average, branch locations are approximately 20,000 square feet in size and are generally leased for periods of 29 to 42 months.