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S & H Systems files for bankruptcy




The material handling and warehouse automation solution provider S & H Systems Inc. has declared bankruptcy, according to a report from the financial data provider Bondoro.

Jonesboro, Arkansas-based S & H Systems filed for Chapter 11 protection on February 2 in the U.S. Bankruptcy Court for the Eastern District of Arkansas, the report said.

According to New York-based Bondoro, S & H Systems reported $41.7 million in assets and $62.5 million in liabilities. Filed under case number 26-10365, the case indicates that there will be funds available for distribution to unsecured creditors.

The bankruptcy follows just a month after a January legal win by logistics automation equipment provider Beumer Group against S & H. In that case, Beumer said that S & H failed to pay it in full for a $1.3 million β€œlogistic sorter for the Amazon SAX.7 Project," an Amazon facility located in Bloomington, California.

A company spokesperson for S & H did not reply to a request for comment.

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