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Raleigh Industrial Textile Manufacturer Files Chapter 11 Bankruptcy

As reported by Reuters, Raleigh, North Carolina based industrial textiles manufacturer Xerium Technologies Inc on Tuesday filed for Chapter 11 bankruptcy protection in a Delaware court under a pre-arranged deal with its lenders to cut debt by about $150 million.  According to its website, Xerium has 32 manufacturing facilities in 13 countries and over 3,370 employees worldwide.

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