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Castle Law Office Bankruptcy News for Missouri & Illinois | Castle Law Bankruptcy Current Events

Catalina Lighting Inc Files for Chapter 11 Bankruptcy


Posted on Mar 11, 2010

Catalina Lighting Inc., a manufacturer of residential lighting products, has filed for Chapter 11 bankruptcy protection, citing the recession as the reason.

In documents filed on February 25 in U.S. Bankruptcy Court in Miami, the company lists assets as high as $10 million and debt as high as $50 million. Catalina Industries, an affiliate of Catalina Lighting, also filed for protection.

According to what Catalina Chief Executive Officer A. Corydon Meyer said in court papers, Catalina and several other consumer lighting industry companies were hit particularly hard by the recession. He said that the slowdown in building and remolding has negatively impacted sales.

Catalina, a Miami-based company, distributes to retailers such as Wal-Mart, Lowes, OfficeMax, Sears, Staples, Kmart, and Bed Bath and Beyond.

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