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Assets of Textile Furnishing Products Business

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Assets of Textile Furnishing Products Business



Price: $2,500,000.00


Other Item Info
Item #: ctbke_297383
Created: 05/01/2020
Category: Business Property > All Assets or Going Concerns > Textiles
Sale Location: Bridgeport, Connecticut
Sale Date: Fri. May 22, 2020
Seller Info
Eric Henzy
Debtor's Attorney
10 Middle Street 15th Floor
Bridgeport, CT 06604
203-368-5495
Bankruptcy Info
Case #: 5:19-bk-51064
Case Title: Latex Foam International, LLC dba Talalay Global and Latex Foam International Holdings, Inc., Latex Foam Assets Acquisition, LLC, PureLatex Bliss, LLC and PLB Holdings, LLC
Court: Connecticut Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of the Latex Foam International Holdings, Inc. (“LFI Holdings”), Latex Foam International, LLC (“LFI”), Latex Foam Assets Acquisition, LLC (“LFA”), Pure Latex Bliss, LLC (“PLB”), and PLB Holdings, LLC (“PLB Holdings,” together with LFI Holdings, LFI, LFA and PLB, the “Sellers”). The sale assets described as below:

  • Inventory in possession of the Sellers and in transit and in the possession of processors and other third parties, materials, supplies, and packaging materials, if any;
  • All machinery and equipment of the Business;
  • All personal property, including but not being limited to leases and leasehold interests, furniture, fixtures, office equipment, tolls, supplies, vehicles, computers and telecommunication equipment, including but not limited to hardware and software related thereto, and telephone numbers;
  • All intellectual property;
  • All rights under all contracts, agreements and leases related to the Business that the Buyer designates for assumption and assignment;
  • Customer lists, sales and marketing materials, mailing lists, marketing lists, employee lists, and related information;
  • All intangible assets and goodwill of the Business;
  • All books and records of the Business; and
  • All other assets and rights associated with or used by the Business that are not specifically excluded.

Sale Location

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10 Middle Street, 15th Floor
Bridgeport, CT,

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Purchase Price: $2,500,000 in cash and non-cash consideration, plus assumption of certain liabilities, plus prorations for tax and other items.
  3. Bid Amount: Must be at least $100,000 more than the last Polycap bid plus the Break-Up Fee.
  4. Bid Increment: $100,000.00
  5. Bid Deposit: $100,000.00
  6. Bid Deadline: May 20, 2020
  7. Last date to respond: May 20, 2020


Other Information

Terms and Conditions:

See Attached.


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