Specialty Products Holding net loss widens to $2.53 million in August

By Jim Witters

Wilmington, Del., Oct. 1 - Specialty Products Holding Corp. posted a net loss of $2.53 million for August on zero revenue, according to the company's monthly operating report filed Sept. 28 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a $1.96 million net loss on zero revenue for July.

The company also reported cash and cash equivalents of $16.7 million as of Aug. 31, down from $24.7 million at the end of July.

Specialty Products is a subsidiary of RMP International Inc., a Medina, Ohio-based producer of specialty chemicals. The subsidiary filed for bankruptcy on May 31, 2010 under Chapter 11 case number 10-11780.

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