Incora and certain of its affiliates, a leading global provider of innovative supply chain management solutions, today announced that the Company has successfully emerged from Chapter 11. Through this process, the Company completed a substantial de-leveraging of its balance sheet and made operational improvements to support long-term growth. The Company has implemented its Plan of Reorganization, approved by the U.S. Bankruptcy Court for the Southern District of Texas on December 27, 2024.

Incora emerges as a financially healthy company with a strong pipeline of new business to drive growth. The Company is cash flow positive and continues to maintain ample liquidity to optimize inventory levels to support customer needs and growth. Incora emerges from Chapter 11 under new ownership by a well-known and respected group of institutional investors.

“Incora is emerging from this process a stronger company, both financially and operationally,” said David Coleal, Chief Executive Officer of Incora. “We’ve made significant improvements to our capital structure and are working better than ever with our supplier partners, all while continuing to deliver for our customers. This marks the dawn of a new era for our business, and we are confident that we are moving forward as an even stronger partner for our stakeholders. I’m grateful to our dedicated employees and to our new owners for their trust in our mission. We now stand poised to seize new opportunities for growth and I look forward to what the next chapter holds for Incora as we continue to empower our customers to meet their critical business needs.”

Pursuant to the Plan, the Company has designated new members to its board of directors. These designated Board members are Robert L. Nardelli, David Coleal, Adam Hieber, Bernd F. Kessler, Jared Weisman, Thomas Weld, Felix Lo, Robert J. Eck and Joseph T. Lower.

“This is a pivotal moment in Incora’s journey,” said Robert Nardelli, designated Non-Executive Chairman of the Board. “The incredible progress made over the past year and a half has positioned Incora for continued success, and I am excited to see this next phase of growth. Once confirmed, I look forward to working alongside the talented leadership team and the rest of the Board to drive innovation across the organization and create lasting value for customers.”

Incora was represented and advised in this matter by Milbank LLP as restructuring counsel, PJT Partners as financial advisor and Alvarez & Marsal as restructuring advisor.