ARI Subsidiary Shuttered, Raising Questions About ARI’s Future

Reports from a variety of sources say that Car Component Technologies located in Bedford, N.H., a subsidiary of remanufacturer American Remanufacturers, Inc., shut its doors November 16 and filed for Chapter 7 bankruptcy.
American Remanufacturers Inc. (ARI), headquartered in Anaheim, Calif., has been struggling of late and had already filed for Chapter 11 protection on November 7.
Some media outlets have reported that they were unable reach anyone at ARI and some of its other subsidiaries. Industry newsletter The Greensheet also reported that it had been told ARI’s Internet and e-mails had been shut down. Attempts by Autoserviceworld to visit ARI’s website were unsuccessful.
The closure of the Bedford, N.H., facility was apparently done without notice as required by state law, and the state is investigating. About 200 jobs are affected.