Specialty Products Holding secures six-month exclusivity extension

By Caroline Salls

Pittsburgh, Oct. 27 - Specialty Products Holding Corp. received a roughly six-month extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to March 31 and the solicitation period to May 30, 2011.

In making its request for the extension, Specialty Products cited the size and complexity of its cases as well as the possibility of lengthy litigation regarding its asbestos liability.

Specialty Products and Bondex International Inc. are subsidiaries of RPM International Inc., a Medina, Ohio-based producer of specialty chemicals. The subsidiaries filed for bankruptcy on May 31, and their Chapter 11 case number is 10-11780.

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