Anagram Balloons bankruptcy update
Effective January 1, 2024, Anagram emerged from the bankruptcy process!
In early 2023, Anagram's management and its lenders concluded that a court-supervised 363 sale process would be the optimal approach to facilitate a comprehensive recapitalization and ensure its long-term growth and profitability as an independent company. A crucial aspect of the sale involved the assumption of trade payables and the retention of all Anagram employees, ensuring uninterrupted services to customers throughout the process.
As Anagram embarks on a fresh start with a stronger balance sheet and new capital, the focus is on further investment in the team and industry-leading innovation in the years ahead. The goal is to deliver even greater value to customers and stakeholders.