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Arrowhead reorganizes

Arrowhead Systems LLC (Randolph, WI) has successfully completed its financial reorganization and has emerged from Chapter 11 bankruptcy proceedings in a positive fiscal position, with strong expectations for significant future growth, according to the company.
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The corporate reorganization plan was approved by the U.S. Bankruptcy Court for the Eastern District of Wisconsin. The plan involved the establishment of a new holding company in which its two principal operating units Busse/SJI and Arrowhead Conveyor will now function as subsidiaries of Arrowhead Systems Inc.

During the yearlong reorganization process the firm’s two operating units Busse/SJI and Arrowhead Conveyor consistently experienced positive financial results while conducting business operations in a normal manner the company says.

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