Mr. Bubble bursts, files for Chapter 11

Ascendia Brands, the health and beauty-care products maker best known for Mr. Bubble and Calgon, has filed for Chapter 11. The company blamed economic conditions. So far Ascendia has not provided information about a debtor-in-possession financing or a stalking-horse bidder, but the company expects a sale. The company claims that several parties are interested. -  Maria Woehr

See Ascendia petition

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