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Metex Manufacturing Files Second Bankruptcy Over Asbestos

Metex Manufacturing Corp., formerly known as Kentile Floors Inc., filed for bankruptcy protection for the second time since 1992 to cope with asbestos product-liability claims.

The company, which manages two industrial facilities in New Jersey, listed assets and debt of more than $100 million each in Chapter 11 documents filed today in U.S. Bankruptcy Court in Manhattan. Metex faces about about 6,000 active asbestos claims tied to Kentile, according to court papers.