International Aluminum Corporation has announced that it’s Plan of Reorganization has been confirmed by the United States Bankruptcy Court for the District of Delaware. Pursuant to the Plan, International Aluminum will satisfy it’s secured indebtedness through a combination of new equity, new term notes and a cash payment to senior lenders. Trade vendors and suppliers will also receive full payment of all pre-chapter 11 claims. The company intends to emerge from chapter 11 in May, 2010. Once it emerges from Chapter 11, the company will be known as International Architectural Group LLC.
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International Aluminum is an integrated building products manufacturer of diversified lines of quality aluminum and vinyl products. The Company was first incorporated in California in 1963 as successor to an aluminum fabricating business begun in 1957. Residential products are fabricated from aluminum and vinyl into a broad line of horizontal sliding windows, vertical sliding windows, casement windows, garden windows, bay and bow windows, special configuration windows, louvre windows, patio doors, and related products. Commercial products are fabricated from aluminum into curtainwalls, window walls, slope glazed systems, storefront framing, entrance doors and frames, and commercial operable windows for exterior applications, including storm and blast resistant applications and office fronts, office partitions, doors, and frames for interior applications. The Company is headquartered in Monterey Park, California and has approximately 1,000 employees. Operations are conducted through 24 facilities throughout the United States and Canada.
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