NanoMech, Inc., a manufacturer of proprietary lubricants, specialty chemicals, pastes, paints, coatings, and advanced textiles based in Springdale, Arkansas, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 19-10851). The Petition estimates NanoMech’s assets and liabilities to both be between $10 – $50 million. According to the First Day Declaration, NanoMech enters chapter 11 intending to either reorganize its capital structure or sell its assets under section 363 of the Bankruptcy Code. The case has been assigned to the Honorable Chief Judge Christopher S. Sontchi.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.