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Trust Japan Beats Bankruptcy

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Jul 1, 2009

Trust, the parent company of GReddy Performance Products, has emerged from reorganization through Minji-saisei-hou in Tokyo, Japan, the U.S. equivalent of a Chapter 11 reorganization plan.

Modp_0907_01+trust_japan_beats_bankruptcy+greddy_blow_off_valve_type_rz Photo 2/2   |   Trust Japan Beats Bankruptcy

This bodes well for GReddy, which has been in financial straights itself. GReddy Performance Product's Kenji Sumino said, “Now that TRUST's reorganization plan has been approved, GReddy Performance Products is working hard to follow suit in the United States. We are very pleased with the outcome of Trust's restructuring efforts and are optimistic and confident that GReddy will successfully emerge from Chapter 11 in the next couple of months as a proven leader in the high performance automotive parts industry."

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