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Incora Successfully Emerges from Chapter 11 Protection, Significantly Reducing Debt and Poised for Long-Term Growth
Company Continues Delivering for Customers with Stronger Financial Foundation
Incora has successfully emerged from Chapter 11. Through this process, the Incora completed a substantial de-leveraging of its balance sheet and made operational improvements to support long-term growth. Incora has implemented its Plan of Reorganization approved by the U.S. Bankruptcy Court for the Southern District of Texas on December 27, 2024.
Incora emerges as a financially healthy company with a strong pipeline of new business to drive growth. The Company is cash flow positive and continues to maintain ample liquidity to optimize inventory levels to support customer needs and growth. Incora emerges from Chapter 11 under new ownership by a well-known and respected group of institutional investors.
