Assets of Biochemical Business
Listing Information
Assets of Biochemical Business
Price: $15,000,000.00
Created: 03/12/2021
Category: Business Property > All Assets or Going Concerns > Chemicals
Sale Date: Tue. May 11, 2021
Trustee's Attorney
1200 Smith Street Suite 1400
Houston, TX 77002
713.356.1280
Case Title: Earth Energy Renewables, LLC
Court: Texas Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of Earth Energy Renewables LLC (the “Seller”). The seller is a Texas limited liability company in the bio-chemical business and employs engineers, technicians, support staff, and management.
The sale assets include without limitation: (i) all intellectual property; (ii) all real property, including the real property consisting of approximately 11.53 acres of land located at 6150 Mumford Road, Bryan, Texas 77087; (iii) all furniture, fixtures, equipment, machinery, tools, vehicles, office equipment, supplies, computers and other IT systems, telephones and other tangible personal property; (iv) all cash and cash equivalents; (v) all accounts and notes receivable; (vii) all prepaid expenses, credits, advance payments, claims, security, refunds, rights of recovery, rights of set-off, rights of recoupment, deposits, charges, sums and fees paid or received by, or accruing to, the Debtor’s estate; and (viii) all executory contracts identified by the Purchaser following the completion of its due diligence investigation.
Financial Overview
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on May 17, 2021.
- Bid Amount: At least 2% higher than the entire Stalking Horse Purchase Price
- Bid Increment: $200,000
- Bid Deposit: 5% of the aggregate cash purchase price of the bid
- Bid Deadline: May 6, 2021
- Last date to respond: May 14, 2021