Werner seeks two-month exclusivity extension to allow orderly sale process

By Caroline Salls

Pittsburgh, March 7 - 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 Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan filing period to May 17 from March 9 and the solicitation period to July 16 from May 8.

According to the motion, the extension is necessary to allow for an orderly asset sale process.

Werner said its debtor-in-possession facility agreement also requires it to maintain its exclusive periods.

A hearing is scheduled for April 10.

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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