Pool maker Latham says court OKs bankruptcy plan
Bankruptcy
Latham International, which makes swimming pools and parts such as liners, steps and ladders, said on Friday that a bankruptcy court approved a debt restructuring plan that will put the company into the hands of its lendersate Constitution through the initiative process.
Latham said it expects to come out of bankruptcy during the next few days.
The Latham, New York, company filed for bankruptcy in December in Delaware with a so-called prearranged plan in place that had the backing of the lenders that will now own it, including Littlejohn & Co, a private equity firm in Greenwich, Connecticut.
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