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Prospector
Profile
07.1424
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| Remy Worldwide Holdings, Inc. |
NAICS |
336211 |
| 2902 Enterprise Drive
Anderson, IN 46013 |
Description |
Auto Parts Mfg. |
| (800) 372-5131 |
Employees |
1622 |
| http://www.remyinc.com/ |
Revenue |
(mil) |
1228.9500 |
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Income |
(mil) |
-96.9800 |
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Assets |
(mil) |
871.1800 |
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Liability |
(mil) |
1175.4900 |
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(for the year ended 2005-12-31) |
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Category:
Bankruptcy
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Event:
Remy Worldwide Holdings, Inc., and affiliates filed for Chapter 11 protection on Oct. 8, 2007, with the U.S. Bankruptcy Court for the District of Delaware (Delaware), lead debtor case number 07-11481, before Judge Kevin J. Carey
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Intellectual Property:
General Motors Corp. has granted the Company an exclusive license to use the “Delco Remy” trademark on and in connection with automotive starters and heavy-duty starters and alternators until July 31, 2004, extendable indefinitely upon payment of a fixed $0.1 million annual licensing fee. It has also been granted a perpetual, royalty-free license to use the “Remy” trademark. The “Delco Remy” and “Remy” trademarks are registered in the United States, Canada and Mexico and in most major markets worldwide. As part of the acquisition of Delphi Corporation’s light duty alternator business, the Company and Delphi Technologies, Inc., entered into a license agreement by which it licensed from Delphi Technologies certain patents and technical information used in the manufacture and remanufacture of belt-driven automotive generators and alternators. In 2004, the Company signed an exclusive technology license with Visteon, applicable to high efficiency/power density alternators that are extremely quiet. [SEC Filing 10-K 03-31-06]
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Description:
Remy Worldwide acts as a holding company of all the outstanding capital stock of Remy International, Inc., which manufactures, remanufactures and distributes Delco Remy brand heavy-duty systems and Remy brand starters and alternators, locomotive products and hybrid power technology.
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Officers:
Harold K. Sperlich (Chair); John H. Weber (CEO & Dir.); David R. Muir (SVP); Kerry A. Shiba (SVP & CFO); Gerald T. Mills (SVP & Chief HR Officer); E.H. Billig (Dir.); John P. Civantos (Dir.); Michael A. Delaney (Dir.); James R. Gerrity (Dir.); Richard J. Puricelli (Dir.); Thomas J. McWilliams (Dir.)
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Auditor:
Ernst & Young LLP
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Attorneys:
Shearman & Sterling LLP, at New York, N.Y.; (212) 848-4000
Douglas P. Bartner, Esq.
Fredric Sosnick, Esq.
Young Conaway Stargatt & Taylor LLP, at Wilmington, Del.; (302) 571-6600
Pauline K. Morgan, Esq.
Edmon L. Morton, Esq.
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Securities:
2,503,024 common shares outstanding as of September 30, 2006.
11% senior subordinated note due May 1, 2009; 9 3/8% senior subordinated notes due April 15, 2012.
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