CONNERSVILLE, Ind. ― Stant USA Corp. today emerged from Chapter 11 under a new capital structure that will provide substantial financial flexibility for years to come. This concludes a very short 90-day Chapter 11 process, during which the company continued normal business operations.

Marlon Bailey, president and CEO of Stant said, “Ninety days ago we told our customers, vendors and employees that we will quickly emerge from Chapter 11 and we will continue our high level of customer service with no interruptions – we are pleased that these milestones were achieved.” 

Bailey added, “We are grateful for the support our customers, employees and suppliers have shown through this short reorganization period. It is particularly satisfying that Stant has been able to continue to develop innovative solutions for our worldwide customers during this period and there are several exciting new products and business opportunities that make us excited about the future.” 

Lewis Schoenwetter, managing director of H.I.G. Capital, which made the successful stalking horse bid for the business, added, “Stant is the leader in its product niche, and we look forward to its bright future as we emerge from this challenging period in the sector. Stant is now extremely well positioned to capitalize on its leadership position and has a talented management team and robust infrastructure to support additional growth.”  

Bailey will be available at the Stant booth (#4044) at AAPEX next week.