Pioneer Europe is a separate trading entity and is advising customers that it still has good stock and more shipments on the way, so customers can continue to order as normal.
Pioneer Balloon Company has announced its intention to strategically restructure the business through a Chapter 11 Reorganisation. The company aims to continue operating throughout a successful Chapter 11 reorganisation plans, continuing to manufacture and supply balloons.
Dan Flynn, ceo of Pioneer Balloon Company, commented: “In the years since the Covid pandemic, Pioneer Balloon has had difficulty supplying enough product to meet customer needs. Whilst the company has implemented many changes, the time is right to focus our resources on the future of the business, and we will do this through a Chapter 11 reorganisation.
“During the process, it is our intention to continue operations as normal – we will continue to manufacture and supply balloons. It is the company’s intention to emerge from this process a stronger organisation and once again be leaders in this industry.”
Marie Grasbury, managing director, Pioneer Europe, said: “Pioneer Europe Limited, is a separate trading company to Continental American Corporation t/a Pioneer Balloon Company, and is not part of the Chapter 11 filing.
“Pioneer Europe will continue to trade as normal, and thank our customers for their ongoing support whilst the US company works through their reorganisation plans.”
For any further information, customers and suppliers in Europe should contact their normal Pioneer Europe representative.