American Synthol
filed a Chapter
11 petition in
the Northern
District of
Georgia last
week after what
is described as
a dispute over
payments for
lubricants
manufactured by
I.S.E.L. for
Snythol.
Tracks of the
dispute are seen
in the breach of
contract suit
I.S.E.L. filed
against American
Synthol in the
Florida Middle
District Court
on September 10,
2008. According
to the filing,
I.S.E.L. seeks
$75,000 for what
it says is
Synthol's breach
of contract.
According to
a court document
filed by I.S.E.L.,
American
Synthol's
largest creditor
is I.S.E.L. Inc.
of Jacksonville,
is owed about
$565,000.
American
Synthol, of
Marietta, Ga.,
has been in
operation since
1983. The
company produces
high-performance
and specialty
lubricants under
the Amerilube
brand name. In
addition, the
company is a
supplier of
private label
lubricants.
I.S.E.L.,
Inc. is a custom
contract
manufacturer and
packager of
lubricants. The
company is
located in
Jacksonville
Florida.
