Englewood-based Local Insight Media Holdings Inc. announced its successful emergence from Chapter 11 restructuring as The Berry Company LLC.
“Emergence represents a major milestone for our company,” said John Fischer, Berry’s newly appointed interim president and chief executive officer. “Since filing for voluntary Chapter 11 protection one year ago, we completed a complex restructuring, reduced the company’s debt by more than 90 percent and implemented a simplified corporate structure. We now have the benefit of a strong balance sheet, a well-conceived business plan and a streamlined structure to enable Berry to effectively meet advertisers’ needs for local search solutions.”
The Berry Co. provides local search and marketing solutions, generating leads for its advertising clients and enabling consumers to efficiently find the products and services they need. Berry serves approximately 200,000 advertising clients throughout the United States.
