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Raleigh Based Xerium to Exit Bankruptcy

Xerium Technologies has won court approval for its prepackaged reorganization plan and expects to exit bankruptcy protection by the end of the month.  The Raleigh company on Friday also reported first quarter net sales of $135 million, up 15.9 percent from a year earlier. Xerium produces equipment used to make paper and has been hit hard by the global recession.

Read more: http://www.newsobserver.com/2010/05/15/483172/xerium-to-emerge-from-bankruptcy.html#ixzz0o2oBZjVV

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