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St. Paul, Minn.-based concrete equipment manufacturer Schwing America, Inc. has emerged from Chapter 11. The company's reorganization plan was approved by the Federal Bankruptcy Court after nine months of protection.

Schwing completed the payoff to existing lenders from funds obtained from a pool of European banks. “With new funding in place, we will move forward in the reorganization and growth of Schwing America,” CEO Brian Hazelton announced to the Schwing employees. In a display of support, 100 percent of the unsecured creditors voted in favor of Schwing's reorganization plan, according to court documents.

The company has hired more call center operators to handle expanding business activity. Hazelton also mentioned that Schwing is planning new model introductions and technologies for the company's line of concrete pumps, truck mixers and batch plants. Schwing America markets throughout North America and was recently assigned sales and marketing responsibilities for Central and South America, which the company expects will increase revenues. “We are exceeding our forecasts in export sales,” Hazelton said. “And, in general, we are very well positioned to take advantage of the opportunities which are in front of us.”