Burnham Holdings Announces Court-Supervised Restructuring for Crown Boiler Company Subsidiary [Yahoo! Finance]
BURNHAM HLDGS INC A (BURCA)
NASDAQ:AMEX Investor Relations:
burnhamholdings.com
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Source: Yahoo! Finance
LANCASTER, Pa. Feb. 27, 2026 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our"), the parent company to leading manufacturers of boilers, furnaces and related HVAC products and accessories, today announced that Crown Boiler Co., LLC ("Crown" or "Crown Boiler"), a wholly-owned subsidiary, has commenced a voluntary filing for protection under Chapter 11 of the U.S. Bankruptcy Code on February 25, 2026. Following the completion of the operational wind-down previously announced, at this point in Crown's business lifecycle, the Company believes this is the best course of action to maximize value for the benefit of Crown's creditors. "The action taken today regarding Crown Boiler is a measured step in our long-term plan to optimize the BHI portfolio and focus on our highest-growth businesses," said Chris Drew, President and CEO of Burnham Holdings, Inc. "Over the past year, we have moved decisively to wind down non-core operations and resolve
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