Raleigh Industrial Textile Manufacturer Files Chapter 11 Bankruptcy

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As reported by Reuters, Raleigh, North Carolina based industrial textiles manufacturer Xerium Technologies Inc on Tuesday filed for Chapter 11 bankruptcy protection in a Delaware court under a pre-arranged deal with its lenders to cut debt by about $150 million.  According to its website, Xerium has 32 manufacturing facilities in 13 countries and over 3,370 employees worldwide.

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