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Assets of Asphalt Felts and Coatings Manufacturers Business

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Assets of Asphalt Felts and Coatings Manufacturers Business



Price: Not Specified

Other Item Info
Item #: flmbke_1262157
Created: 11/15/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: Mon. Dec 17, 2018
Seller Info
Matthew B. Hale
Debtor's Attorney
110 East Madison Street, Suite 200
Tampa, FL 33602
813-229-0144
Bankruptcy Info
Case #: 8:18-bk-06062
Case Title: Florida Pavement Coatings, Inc.
Court: Florida Middle Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of the Florida Pavement Coatings, Inc. and South Florida Pavement Coatings, Inc. The sale assets described as below:

  • Florida Pavement Coatings, Inc owns the real estate upon which its manufacturing plant operates in Tampa, Florida (the “FPC Real Property”). Aside from its real estate, the bulk of FPC’s assets are comprised of manufacturing equipment, machinery, vehicles, and inventory. FPBs’ accounts receivable and cash will be excluded from the sale. Subject to bidders’ discretion, substantially all of FPC’s assets, except for accounts receivable and cash, are expected to be included in the sale proposed herein (collectively, the “FPC Assets”);
  • South Florida Pavement Coatings, Inc similarly owns manufacturing equipment, machinery, vehicles, inventory, and accounts receivable. SFPC, however, does not own the real property on which it operates, but does own valuable leasehold improvements used in its operations. Subject to bidders’ discretion, substantially all of SFPC’s assets, except for accounts receivable and cash, are expected to be included in the sale proposed herein (collectively, the “SFPC Assets,” and together with the FPC Assets, the “Assets”).

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on December 18, 2018, at 4:00 p.m.
  3. Bid Deadline: December 11, 2018


Other Information

Terms and Conditions:

See Attached.


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