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In September 1999, BTI filed for Chapter 11 bankruptcy as a result of the massive debt it took on to acquire those companies, and the fiscal losses it faced in 1998. [5] In April 2003, BTI was bought by Carlyle Management Group (CMG) for between $300 and $315 million.
25 Μαΐ 2003 · Detroit, Michigan – Breed Technologies, Inc., a member of the Key Automotive Group family of companies, announced a restructuring and new strategic direction for the company after a week-long meeting of the leadership of Breed and new Chairman and Chief Executive Officer B. Edward Ewing.
Breed changed its name to Key Safety Systems, Inc. in October 2003, reinforcing its identity as part of Carlyle's Key Automotive Group LLC, which also included Key Plastics LLC, acquired two years earlier during its own bankruptcy.
DSI was engaged by Breed Technologies, Inc., a publicly-held global manufacturer of automotive components with $1.3 billion in sales, to assist in the restructuring of its debt obligations through a Chapter 11 bankruptcy filing.
On September 29, 2000, BREED Technologies, Inc. (the "Company") filed an amended plan of reorganization (the "Amended Plan of Reorganization") with the United States Bankruptcy Court for the District of Delaware (the "Court") in
1 Νοε 1999 · Breed Technologies Inc. implores a bankruptcy judge for help with a survival plan. Siemens Automotive dissolves its joint venture with Breed and considers finding a new safety restraints...
In September 1999, BTI filed for Chapter 11 bankruptcy as a result of the massive debt it took on to acquire those companies, and the fiscal losses it faced in 1998. [5] In April 2003, BTI was bought by Carlyle Management Group (CMG) for between $300 and $315 million.
