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IN RE: PLIANT CORPORATION, ET. AL.
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
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MAIN CASE NUMBER: 09-10443
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PROOFS OF CLAIM and CLAIMS BAR DATE INFORMATION
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OVERVIEW OF THE CHAPTER 11 PROCESS
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| Petition filed: February 11, 2009 |
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Proofs of Claim
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Chapter 11 Process
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| Committee Appointed: February 24, 2009 |
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Proof of Claim Form
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| Claims Bar Date: May 5, 2009 |
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| Government Claims Bar Date: August 10, 2009 |
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OVERVIEW OF DEBTOR'S BUSINESS
Pliant Corporation and its debtor and non-debtor affiliates (the "Company") is one of North America’s leading manufacturers of value-added films and flexible packaging for food, personal care, medical, agricultural and industrial applications. The Debtors in these jointly administered cases are: Pliant Corporation (Case No. 09-10443); Uniplast Holdings, Inc. (Case No. 09-10444); Pliant Corporation International (Case No. 09-10445); Pliant Film Products of Mexico, Inc. (Case No. 09-10446); Pliant Packaging of Canada, LLC (Case No. 09-10447); Alliant Company LLC (Case No. 09-10448); Uniplast U.S., Inc. (Case No. 09-10449); Uniplast Industries Co. (Case No. 09-10450); and Pliant Corporation of Canada Ltd. (Case No. 09-10451).
The Debtors operate twenty-one manufacturing and research and development facilities in the United States, Canada, Germany, Mexico and Australia. Through its four operating segments, Companies products are sold into numerous markets for a wide variety of uses. For example, the Company annually produces approximately four billion bread and bakery bags (20% to 25% of North America’s total usage) and is the third larges producer of films in North American for cookie, cracker and cereal box liners. The Company is also a leading manufacturer of polyethylene mulch films that are sold to fruit and vegetable growers and nursery operators, and personal care films used in disposable diapers, feminine care products and adult incontinence products. In addition, the Company is a specialized manufacturer of medical films which are used in disposable surgical drapes and gowns, as well as in protective packaging for medical supplies.
The Debtors attribute their current financial situation to unprecedented run-up in crude oil and natural gas prices in the summer of 2008. Specifically in the second and third quarters of 2008 the Debtors experienced a significant increase in the price of resins. As a result of the increase in oil prices, the Debtors' transportation and facilities costs also dramatically increased. In addition, the Debtors sold significantly less products in 2008 and were unable to refinance certain senior secured debt that was set to mature in 2009.
In fiscal year 2007, the Company recorded $1.096 billion in net sales. For the nine months ending September 30, 2008, the Company recorded net sales of $881 million, which represents an increase of $61 million during the first nine months of 2008 as compared to the same time period in 2007.
As of the Petition Date, the Company employs approximately 2,900 employees worldwide ("Employees"). Approximately 2,300 of the Employees are employed by the Debtors directly. Approximately 1,800 of the Employees are paid hourly and approximately 500 are salaried Employees. Moreover, approximately 400 of the Employees are subject to one of five collective bargaining agreements. In addition, the Debtors also contract for approximately 100 temporary hourly positions. The Debtors have never experienced any significant work stoppages and considers their current relations with their employees to be good.
DEBTORS’ SCHEDULES AND FINANCIAL INFORMATION
Pliant Corporation (Case No. 09-10443)
Uniplast Holdings, Inc. (Case No. 09-10444)
Pliant Corporation International (Case No. 09-10445)
Pliant Film Products of Mexico, Inc. (Case No. 09-10446)
Pliant Packaging of Canada, LLC (Case No. 09-10447)
Alliant Company LLC (Case No. 09-10448)
Uniplast U.S., Inc. (Case No. 09-10449)
Uniplast Industries Co. (Case No. 09-10450)
Pliant Corporation of Canada Ltd. (Case No. 09-10451)
DEBTORS AND DEBTORS’ COUNSEL
Debtors’ Headquarters Location and Contact Information
Pliant Corporation
1475 E. Woodfield Rd., Ste. 700
Schaumburg, IL 60173
Phone: (847) 969-3300
Fax: (847) 969-3338
Toll Free: (866) 878-6188
http://www.pliantcorp.com
Debtors’ Counsel
Sidley Austin LLP
One South Dearborn Street
Chicago, IL 60603
Phone: (312) 853-7000
Fax: (312) 853-7036
Young, Conaway, Stargatt & Taylor
The Brandywine Bldg.
1000 West Street, 17th Floor
P.O. Box 391
Wilmington, DE 19899
Phone: (302) 571-6600
Fax : 302-571-1253
Email:
OFFICIAL COMMITTEE OF UNSECURED CREDITORS
AND COMMITTEE PROFESSIONALS
Creditors’ Committee Members
The Bank of New York Mellon Trust Company, N.A.
6525 West Campus Oval, Suite 200
New Albany, OH 43054
Total Petrochemicals USA, Inc.
1201 Louisiana Street, Suite 1800
Houston, TX 77002
Ampacet Corporation
660 White Plains Road
Tarrytown, NY 10591
Sonoco Products Company
1 North Second Street
Hartsville, SC 29550
Univar USA Inc.
P.O. Box 34325
Seattle, WA 98124
Any and all questions to the Official Committee of Unsecured Creditors should be submitted by an email addressed to:
Committee Counsel
Lowenstein Sandler PC
65 Livingston Avenue
Roseland, NJ 07068
Phone: (973) 597-2400
Fax: (973) 597-2500
Email:
Polsinelli Shughart PC
222 Delaware Avenue, Suite 1101
Wilmington, DE 19801
Phone: (302) 252-0920
Fax: 302-252-0921
Committee’s Financial Advisor
Mesirow Financial
350 North Clark Street
Chicago, IL 60654
Phone: (312) 595-6000
Fax: (312) 595-4246
Toll Free: (800) 453-0600
http://www.mesirowfinancial.com/
UNITED STATES BANKRUTPCY COURT
LOCATION AND HEARING INFORMATION
Upcoming Dates:
Omnibus Hearing Dates
April 24, 2009 at 02:00 PM
May 11, 2009 at 10:30 AM
June 29, 2009 10:30 AM
July 20, 2009 at 10:30 AM
Bar Date for Proofs of Claim
May 5, 2009
Court Information
Judge
Honorable Mary F. Walrath, Chief Judge
Court Location
United States Bankruptcy Court, District of Delaware
824 Market Street 5th Floor
Wilmington, Delaware 19801
UNITED STATES TRUSTEE’S OFFICE
CONTACT INFORMATION
Roberta DeAngelis, Acting United States Trustee
United States Trustee’s Office - Region 3
833 Chestnut Street, Suite 500
Philadelphia, PA 19107
Phone: (215) 597-4411
Fax: 215-597-5795
Website: http://www.usdoj.gov/ust/r03/de.htm
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