In-Brief

Vassallo Int’l Group in Ponce files for Ch. 11 bankruptcy

Vassallo International Group manufactures, distributes and researches PVC and CPVC products. Vassallo International Group manufactures, distributes and researches PVC and CPVC products.

Ponce-based Vassallo International Group, which manufactures, distributes and sells more than 6,000 different products for a wide range of applications and industries, has filed for Chapter 11 bankruptcy, citing nearly $9.8 million in debt.

According to the filing, the manufacturer that has been in business for more than 50 years, has some $3.8 million in secured debt, another $5.8 million in unsecured creditors and nearly $200,000 in priority creditors.

The list includes the Puerto Rico Economic Development Bank, to which it owes more than $1.1 million, the Puerto Rico Electric Power Authority, to which it owes more than $1.8 million, Engineered Vinyl Blends LLC, to which it owes $1.2 million, Hacienda Vivianna Inc., to which it owes $1.2 million, and Heritage P.R LLC, to which it owes $1.5 million.

Vassallo International Group manufactures, distributes and researches PVC and CPVC products. Its facilities comprise a 250,000 square-foot main building, a range of machinery for the manufacturing of each different line of products and custom manufacturing, research laboratories, management and employee offices, resting areas, cafeteria, storage spaces and distribution center.

Author Details
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.

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