HDR Holding, Inc. – Hydraulic Drill Manufacturer Files Chapter 11 Citing Drastic Reduction in Energy Sector Drilling Activity, Existing PE Sponsor Agrees to Serve as Stalking Horse and Provide DIP Financing

June 24, 2019 − Privately-held HDR Holding, Inc. and one affiliated Debtor (trading as Schramm Inc., "HDR Holding" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11396. The Debtors, a Pennsylvania manufacturer and global supplier to the hydraulic drill industry, are represented…