This website is no longer being maintained by Stretto but has been archived and certain content remains available for reference.

On October 27, 2023, Water Gremlin Company and two affiliated debtors (collectively, the "Debtors" or the “Company) filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware. The Debtors’ bankruptcy cases are jointly administered under Case No. 23-11775 before the Honorable Judge Laurie Selber Silverstein. 

With multiple offers to acquire substantially all of the assets of its U.S. and European divisions, the Company commenced Chapter 11 to complete a value-maximizing transaction in the most efficient manner. 

The Company has obtained a commitment for $10 million in debtor-in-possession financing to support ongoing manufacturing and distribution as it continues to offer customers consistent quality solutions. This financing, together with the Company’s cash reserves, will provide ample liquidity to help the Company fulfill commitments to its valued employees, customers, and suppliers during the process.

Water Gremlin Aquila Company S.p.A., the Company’s European division based in Brescia, Italy, is not part of the Chapter 11 proceedings. 

For immediate information about the bankruptcy case ask Stretto Conductor. For additional information, call the case information line at 888-462-5121 (toll-free) or +1 949-681-6518 (international). You may also submit an inquiry via email by clicking HERE.

Click HERE to view the Company’s filing press release.
 
Suppliers with questions can call a dedicated hotline at +1 888-462-5121 (toll-free) or +1 949-681-6518 (international). Supplier inquiries can also be submitted via email by clicking HERE.