The move was made after negotiations with debtholders failed, the company said.
Workflow One, a provider of marketing products and document services, has more than 400 employees in its East Monument Avenue headquarters. The company’s $27 million downtown home was a Dayton and Montgomery County Port Authority project in 2001, built for its corporate predecessor, Relizon.
The company voluntarily filed to restructure its debt and move on, said Mary Ann Kabel, a spokeswoman for the company.
“Nothing. It’s business as usual. We’re just restructuring our debt,” Kabel said when asked what changes the move meant for the company’s Dayton location.
“We are using this legal process for the narrow purpose of restructuring our balance sheet, and it should be virtually seamless to customers, suppliers and employees,” Dave Davis, Workflow Management’s chief executive officer, said in a statement.
The company also says it has “adequate cash flow to satisfy obligations associated with conducting business.”
Workflow Management operates through its division, Workflow One. The company and its affiliates have more than 2,300 employees nationwide and revenue of $661.5 million in 2009, the company said.
Contact this reporter at (937) 225-2390 or tgnau@DaytonDailyNews.com.
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