Werner requests two-month exclusivity extension

By Caroline Salls

Pittsburgh, Jan. 12 - Werner Holding Co. (DE), Inc. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan filing period to March 9 from Jan. 15 and the solicitation period to May 8 from March 16.

Werner said the extension is necessary to allow it to complete its operational restructuring, which is key to formulating a 2007 budget and long-term business plan, valuing the business and formulating and negotiating a plan of reorganization.

A hearing is scheduled for Jan. 31.

Werner, a Greenville, Pa., manufacturer and distributor of ladders, climbing equipment and ladder accessories, filed for bankruptcy on June 12, 2006. Its Chapter 11 case number is 06-10578.

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