Assets of Plastics Recycling Services Business
Listing Information
Assets of Plastics Recycling Services Business
Created: 03/20/2021
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Wilmington, Delaware
Sale Date: Mon. May 3, 2021
Debtor's Attorney
919 North Market Street, 17th Floor P.O. Box 8705
Wilmington, DE 19899
302-652-4100
Case Title: CarbonLite Holdings LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of substantially all of assets of CarbonLite Holdings LLC, et al., (the “Sellers”), consist of the business assets and property associated with (i) the facility operated by Debtor Pinnpack Packaging LLC (“PinnPack”) located in Oxnard, California (the “PinnPack Facility”); (ii) the facility operated by seller CarbonLite Industries LLC (“Industries”) located in Riverside, California (the “Riverside Facility”); (iii) the facility operated by seller CarbonLite Recycling LLC (“Recycling”) located in Dallas, Texas (the “Dallas Facility”); and (iv) the facility operated by seller CarbonLite P, LLC (“CLP”) located in Reading, Pennsylvania (the “Reading Facility” and, together with the PinnPack Facility, the Riverside Facility, and the Dallas Facility, the “Facilities”).
Financial Overview
Sale Location
Wilmington, DE, 19801
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on May 7, 2021.
- Bid Increment: The initial Overbid after the Baseline Bid (the “Initial Overbid”) shall be made in an increment of (i)(A)(w) at least $500,000 on a Bid for one of either the Riverside Facility or the PinnPack Facility or (x) at least $250,000 on a Bid for one of either the Dallas Facility or the Reading Facility; or (B)(y) $500,000 for both the Dallas Facility and the Reading Facility or (z) $1,000,000 on a Bid for two or more of the Facilities, other than a Bid solely for both of the Dallas Facility and the Reading Facility (the “Minimum Increment”)
- Bid Deposit: 10% of the Bidder’s proposed Purchase Price
- Bid Deadline: April 26, 2021
- Last date to respond: May 6, 2021