GenTek, the parent company of General Chemical (notorious in Richmond for acid releases), has filed under Chapter 11 of the U.S. Bankruptcy Code. GenTek is heavily invested in the telecom business, which has taken a major hit in the economic downturn of the last two years.
There is no word on how this may affect General Chemical”s star crossed Richmond operation. For more information on the GenTek bankruptcy, see http://www.gentek-global.com/. For more information on general Chemical, see http://www.genchemcorp.com/.