Asbestos Liabilities Force Muralo Co. to File Chapter 11 Petition
BAYONNE, NJ - The Muralo Co. Inc. announced that it has filed a voluntary petition for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey, an action the company said would allow it to resolve the asbestos liabilities of its Synkoloid Division.
The company, founded in 1894, said the proceedings would not affect its ongoing business operations, production and delivery schedules.