Uniroyal Holding files Chapter 11 with $50 million to $100 million in liabilities
Uniroyal Holding Inc., a descendant of a leading tire and rubber company, is winding up its operations due to asbestos-related claims.
The company listed $10 million to $50 million in assets and $50 million to $100 million in liabilities in its petition.
Over 41 years, Uniroyal Holdings faced 516,656 personal injury and wrongful death claims, resolving 216,994 cases and making nearly $500 million in payments.