Glass Fiber Manufacturer Business in Georgia

Sale of substantially all of assets of the P-D Valmiera Glass USA Corp., used in the conduct the seller's business and owned by the seller from and after its exercise of the of the option to purchase all such assets under the Option Agreement, including the Purchased Real Estate and other Phase I Assets and Phase II Assets. The seller's operations focus on the production and distribution of glass fiber and glass fiber products from its manufacturing facility in Dublin, Georgia. The seller's business has been organized by two units. “Phase I” became operational in 2015 and is engaged in the production of needle mats which provide insulation for industrial uses. In 2017, the seller launched “Phase II” of its operations and built a fiberglass furnace for the production of glass fiber (the “Phase II Facility”). Phase II has proven to be unprofitable and a cash drain on the remaining portion of the seller's business. The sale assets will include all of the following:

• All Phase I Assets and Phase II Assets;
• The Transferred Real Properly;
• The Leased Equipment (as defined in the Option Agreement);
• The Transferred Claims;
• All inventory and other tangible and intangible assets, including: Finished Goods Inventory, WIP, Components, Raw Material, all dies, hubs, tools, grade roll cards, and associated data required to manufacture any of the foregoing, whether located on Transferred Real Property or another location;
• Intellectual Properly;
• Books and Records;
• All other documents related to the Business including, but not limited to, customer records, supplier records, manufacturing routing slips, bills of materials, manufacturing grade cards, etc;
• Proceeds of insurance relating lo damage or destruction of any Transferred Assets; and
• UPC numbers.

Assets for sale is more described on the attached PDF.