Poca Blending Business in West Virginia
Listing Information
Poca Blending Business in West Virginia
Minimum Price: $575,000.00
Created: 05/09/2014
Category: Business Property > All Assets or Going Concerns > Construction & Materials
Sale Date: Tue. May 13, 2014
Primary Office Location: WV
Debtor's Attorney
P. O. Box 129
Charleston, WV 25321
(304) 342-7111
Case Title: Freedom Industries, Inc.
Court: West Virginia Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of the Assets of the Poca Blending Business. The Nitro Facility (a/k/a Poca Blending) operated four emulsion lines, two FCA Blenders, and one specialty chemical reactor (the “Poca Blending Business”). It also has a fully staffed laboratory for quality assurance and research. Finished goods are distributed via truck and rail.
The Sale Assets include: (i) Personal Property: The machinery, equipment, parts, spare parts, computers, computer equipment, office furniture and fixtures, tools, supplies and other tangible personal property primarily owned, used or held for primary use in or relating to the Poca Blending Business or otherwise required to continue the Poca Blending Business; (ii) Inventory: The materials which are related to and produced by the Poca Blending Business; (iii) Intangible Personal Property: All goodwill associated with the Poca Blending Business, the trade names, “Poca Blending”, all licenses, and permits associated with the Poca Blending Business, the domain name “www.pocablending.com” and subdomain names and email addresses associated therewith; (iv) Vehicles: All titled and untitled motor vehicles used in connection with the Poca Blending Business; (v) Records and Customer Lists: Records and Customer Lists: All (a) documents related to the Poca Blending Business, including, but not limited to, production records and engineering records, (b) purchasing and sales records and orders and contracts, accounting records and customer vendor lists for all of the Debtor’s businesses, and (c) any such documents maintained in connection with any computer system; (vi) Orders and Literature: All operating manuals, training aids, purchase order forms, forms, labels, stationary, shipping materials, catalogues, brochures, art work, photographs and advertising materials related to the Poca Blending Business.
Freedom is engaged principally in the business of producing specialty chemicals for the mining, steel and cement industries. It is a leading supplier of freeze conditioning agents, dust control palliatives, flotation reagents, water treatment polymers and other specialty chemicals. The business operated a facility "Nitro, West Virginia" (the “Nitro Facility”).