IPD, a manufacturer and supplier of heavy-duty products for diesel and natural gas engines, announced last month it has emerged from Chapter 11 proceedings approximately eight months after filing for protection. Storm Industries, which has been an IPD shareholder since 1955, is the company’s new owner. IPD says it now has a financially sound capital structure that will form the basis for an aggressive business plan going forward.
IPD emerges from Chapter 11 protection
Oct 25, 2004