After nine months of protection, Schwing America Inc., St. Paul, Minn., exited Chapter 11 bankruptcy when the Federal Bankruptcy Court approved the company's reorganization plan.
According to CEO Brian Hazelton, who addressed employees (see right), new funding will help Schwing America grow and move forward. The company is planning to introduce new product models and technology, and plans to increase revenue by expanding their sales and marketing responsibilities through Central and South America. “We are exceeding our forecasts in export sales,” Hazelton says. “In general, we are very well positioned to take advantage of the opportunities which are in front of us.” Learn more at www.schwing.com.