Schutt Sports, Inc. and five affiliates - Mountain View Investment Company of Illinois, Circle System Group, Inc., Melas, Inc., R.D.H. Enterprises, Inc. and Triangle Sports, Inc. - voluntarily filed for chapter 11 protection in Delaware on Labor Day. The companies, headquartered in Litchfield, Illinois, are leading manufacturers of team sporting equipment, primarily for football, baseball and softball. The companies generated 2009 revenue of nearly $69 million and report that they are the second-largest and third-largest employers in the towns of Litchfield and Salem, Illinois, respectively.
The companies blamed the chapter 11 filings on four major factors.
Read more: http://www.netdocketsblog.com/2010/09/bankruptcy-filing-alert-schutt-sports.html#ixzz0ypBF5fcy
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