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Jolt Co. Inc. filed for bankruptcy last year after racking up more than $5 million in debt to a Chicago can manufacturer. The company was optimistic about restructuring, but plans fell apart this week, putting the future of the double-caffeinated cola into jeopardy, a Jolt attorney told the Rochester Democrat & Chronicle.
"The name will show up someplace else, but just that," William I. Kohn of Benesch, Friedlander, Coplan & Aronoff told the paper. "I don't see anybody buying the entire package."
Jolt founder Carl J. Rapp, who started the company in 1985, fought the restructuring of the company and blamed its current situation on an investment group that owns a large stake in the company, the paper reports.
Will you miss Jolt Cola? Spill it in the comments.
[Via Rochester Democrat & Chronicle]
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