GEO Specialty Chemical unsecured creditors' committee named

By Jeff Pines

Washington, March 29 - The U.S. trustee in GEO Specialty Chemical, Inc.'s Chapter 11 case appointed the official committee of unsecured creditors, according to a March 29 filing with the U.S. Bankruptcy Court for the District of New Jersey.

The members of the committee are: Jerry Bloomer of Airlie Opportunity Fund LP as chairperson; David Clayton of Merrill Lynch Investment Managers; Frank Grippo of J.P. Morgan Trust Co.; Cary Holcomb of Oppenheimer & Co., Inc.; Richard Walker of South Jersey Gas Co.; Ralph Gumbaz of Delphi Petroleum, Inc.; and Robert Katz of Senvest International, LLC.

J.P. Morgan as indenture trustee for $125 million of 10 1/8% senior subordinated notes due 2008 is the company's largest creditor. Airlie is the second largest creditor with $22 million of unsecured bonds.

GEO is a Harrison, N.J.-based chemical company. Its Chapter 11 case number is 04-19148. It filed for Chapter 11 on March 18.

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