Dura Automotive Systems

Dura Automotive Systems, headquartered in Rochester Hills, Michigan, USA was ranked in the 2006 Fortune 1000. It is engaged in the business of manufacturing and distribution of automotive components.

Dura filled for chapter 11 bankruptcy protection on October 30, 2006.^[1] Final determination to delist Dura's common stock and convertible trust preferred securities from NASDAQ was made November 13, 2006.^[2]

December 2009 - Dura Automotive Systems Inc. became another Lynn Tilton company and part of a large diversified metal-bending company after its acquisition by the New York private-equity firm Patriarch Partners [1].^[3]

In the deal, Dura absorbed Global Automotive Systems [2], of suburban Detroit, another Patriarch company, producing a parts supplier with global sales of nearly $2 billion.^[4]

References

1. ^ Bloomberg.com: U.S
2. ^ Final Determination to Delist Common Stock and Convertible Trust Preferred Securities of Dura Automotive Systems, Inc. From The NASDAQ Stock Market
3. ^ New York Times Dealbook, Patriarch Takes Controlling Stake in Dura
4. ^ PR Newswire

External links

• Corporate website