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Kronfli Spundale Files Chapter 11

Circular knitter Kronfli Spundale Mills Inc., Los Angeles, has filed for reorganization under Chapter 11 of the US Bankruptcy Code. The company says the filing will allow it to refinance its debt while it reorganizes its operation, with the expectation of maintaining its employee base and preserving its technical expertise and capabilities. Furthermore, it says customer service and product deliveries will continue uninterrupted.

Kronfli Spundale, established in 1977, is a vertically integrated operation, performing all production from knitting to dyeing and finishing in-house. The company manufactures high-performance fabrics for activewear, industrial, medical, fire-retardant, high-visibility safety, military and correctional institution applications.

July 2004