💥New Chapter 11 Bankruptcy Filing - Valves and Controls US, Inc.💥
Weir Group PLC-subsidiary and asbestos relic runs out of insurance and files BK
On July 25, 2025, Fort Worth-based, Weir Group PLC ($WEGRY)-owned Valves and Controls US, Inc. (f/k/a Atwood & Morrill Co., Inc.) (the “debtor”) filed a chapter 11 bankruptcy case in the District of Delaware (Judge Horan). The debtor is “… a non-operational subsidiary of the Weir Group PLC [], a global leader in mining technology headquartered in Glasgow, Scotland.”
Non-operational, huh? Quite the prize for debtor’s counsel, Weil, Gotshal & Manges LLP (“Weil”).
But non-operational obvi ain’t the whole history. From 1900 until 2019, the debtor “… pioneered valve design engineering in power generation, oil and gas, and petrochemicals” and, after being acquired by Weir in ‘90, sat within its Flow Control Business.