By Kevin McCauley
Kekst and Company is handling the bankruptcy of AMF Bowling Worldwide as the developer of the automated pinspotter (1946) restructures for the second time.
The Mechanicsville, Va.-based company believes completion of the pre-arranged restructuring will reduce its “burdensome debt load” and provide the financial flexibility to improve its bowling centers.
AMF operates 262 bowling of the nation’s more than 5,000 bowling alleys. The business has been hurt by the long-term decline in organized leagues, which provided a steady income flow, and is in the process of upgrading facilities to appeal to casual and more upscale players.
AMF has modernized nine of its alleys with lounges and a fresher look. It expects to emerge from Chapter XI in five months.
Kekst managing director Kimberly Kriger handles the AMF filing.
Kekst is owned by Publicis.