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Food Processing Company in New Jersey

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Listing Information

Attachments

Food Processing Company in New Jersey



Price: $10,650,000.00


Other Item Info
Item #: njbke_1002645
Created: 05/03/2019
Category: Business Property > All Assets or Going Concerns > Food Producers
Sale Date: None Set
Seller Info
Anthony Sodono
Debtor's Attorney
347 Mt. Pleasant Avenue Suite 300
West Orange, NJ 07052
973-243-8600
Bankruptcy Info
Case #: 3:17-bk-31653
Case Title: Amboy Group, LLC
Court: New Jersey Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of the CLU Amboy, LLC (the "Seller"), including, without limitation, the following (the "Acquired Assets"):

  • All of the seller's deposits, security deposits, prepayments, and prepaid expenses as of the Closing Date that relate to any Assigned Contract or any other Acquired Asset;
  • The Acquired Receivables;
  • All customer accounts;
  • All Assigned Contracts;
  • All equipment, computers (including all copies of software installed on any such computers, servers, or other electronic equipment, and any documentation and media constituting, describing, or relating to such copies, including manuals, technical specifications and the like), furniture, supplies, fixtures, and other tangible personal property of the seller;
  • All Inventory;
  • All investment property, instruments, chattel paper, and real estate;
  • All Intellectual Property Rights together with all income, royalties, damages, and payments due or payable to the seller at the Closing or thereafter relating to the Intellectual Property Rights, the right to register, prosecute, maintain, and defend the rights of the seller in the Intellectual Property Rights, the right to sue and recover damages for past or future infringements or misappropriations thereof, and the right to fully and entirely stand in the place of the seller in all matters related thereto;
  • All Permits, to the extent transferable, necessary for Purchaser to perform its obligations under the Assigned Contracts after the Closing;
  • All Books and Records;
  • The seller's email addresses, website (including the URL, electronic images, text, and source codes therein), facsimile numbers, telephone numbers, and
  • cellphones;
  • All rights and claims with respect to the Acquired Assets, Assigned Contracts and Assumed Liabilities, including all enforcement rights, and refunds including with respect to taxes for all periods ended after the Closing Date;
  • All promotional materials, catalogues, research materials, mailing lists and customer lists, all names and addresses of customers, and sales reports by title and by customer to the extent available relating to the Business;
  • The amount of, and all rights to any, insurance proceeds received by the Debtor after the date of this Agreement in respect of the loss, destruction, or condemnation of any Acquired Assets occurring prior to, on, or after the Closing or any Assumed Liabilities;
  • All outstanding orders for the seller's products as of the Closing, which shall be transferred to Purchaser at Closing for processing and fulfillment; and
  • All goodwill relating to the items set forth in this Section 2.1 and the definition of Acquired Assets.

Additional Details

Bid Deposit: 10% of the proposed higher purchase price



Other Information

Terms and Conditions:

See Attached.


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