Filing is Intended to Have No Impact on the Employment of the More Than 90 Employees in Ashley
- Certain subsidiaries related to Brightmark’s Ashley, Indiana facility have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
- The Ashley facility has received commitments for sufficient liquidity to continue day-to-day operations, and the filing is not intended to have any impact on the employment of the more than 90 employees at the facility. Approval of those commitments is being sought by bankruptcy court.
- The reorganization is specific to the Ashley facility and does not impact other parts of Brightmark’s business.
March 17, 2025 – Brightmark LLC, a circular innovations company with a mission to Reimagine Waste®, today announced that certain subsidiaries related to its Ashley, Indiana facility have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
Brightmark has filed motions to continue operations during the proceedings and to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. Brightmark LLC intends to provide continued financing to allow the Ashley facility to have sufficient liquidity to maintain day-to-day operations, and the expectation is that there will be no impact on the employment of the more than 90 employees in Ashley.
“Today’s filing allows us to take control of our future,” said Brightmark Founder and CEO, Bob Powell. “This strategic move is designed to ensure the long-term viability of the Ashley facility and enables us to grow our business sustainably. We are excited about the future of our plastics business, and our commitment to it and the Ashley community is unwavering.”
The filing is specific to the Ashley facility and does not affect other parts of Brightmark’s business. Brightmark continues to make progress on the development of its state-of-the-art Circularity Center in Thomaston, GA, announced in 2024. As a next step in development, the company will complete the filings necessary for the air permit process for the facility.
“We are optimistic about the future of the Thomaston facility and believe it will play a crucial role in our overall plastics business,” said Powell. “We look forward to our continued partnership with the Thomaston community.”
