Replies to post #521 on Transportation Components Inc. (fka TUIC)

[lifegear]

Name Clarification Article.....

Tuesday, May 8, 2001
TransCom USA files for Chapter 11

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Transportation Components Inc., which operates as TransCom USA, has filed for Chapter 11 bankruptcy protection. The filings, made today in a Houston federal bankruptcy court will enable the TransCom group to continue normal businesses operations using its own internally generated cash and the proceeds of debtor-in-possession financing being arranged with the company's bank group.

TransCom's Canadian subsidiary, Wes-T-Rans, and its Amparts operations in Mexico, are not included in the filings. But the Houston-based truck parts distributor said its domestic units are included in the filings.

The company said several factors including a prolonged industry slump, declining sales, acute liquidity problems and a heavy debt load prompted the need to reorganize.

http://www.bizjournals.com/houston/stories/2001/05/07/daily16.html