08152020Sat
Last updateFri, 14 Aug 2020 6pm

Valve Manufacturing

Watson Grinding and Manufacturing Files for Bankruptcy

Following a deadly blast on Jan. 24, Watson Grinding and Manufacturing has filed for Chapter 11 bankruptcy protection in a Houston federal court due to what they anticipate will be “a long-term interruption of business operations.”

“Our hearts go out to everyone who has been affected by this tragedy and we are convinced that the best way to ensure our organization can play a positive role in the long-term recovery of the area is by remaining a viable business,” John Watson, CEO of Watson Grinding and Manufacturing, said in a statement. “We are a family business and through this reorganization, we intend to save the company and protect and restore the jobs for our dedicated and hardworking team.”

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