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Assets of Commercial Printing Services Business

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Listing Information


Assets of Commercial Printing Services Business

Price: $1,200,000.00

Other Item Info
Item #: alnbke_673141
Created: 08/12/2019
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Birmingham, Alabama
Sale Date: Tue. Sep 17, 2019
Seller Info
Bill D Bensinger
Debtor's Attorney
1800 Financial Center 505 North 20th Street
Birmingham, AL 35203
Bankruptcy Info
Case #: 2:19-bk-01844
Case Title: American Printing Company, Inc.
Court: Alabama Northern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents


Sale of assets of American Printing Company, Inc., including all of Seller’s right, title and interest in and to all of Seller’s property and assets, real, personal or mixed, tangible and intangible, of every kind and description, wherever located, including the following:

  • All Tangible Personal Property, including those items described in Schedule 2.01;
  • All Inventories;
  • All Accounts Receivable, including but not limited to any pre-paid deposits held by Seller for such Accounts Receivable;
  • Only the Assumed Contracts, as set forth in Section 3.20(a);
  • All Governmental Authorizations and all pending applications therefor or renewals thereof, in each case to the extent transferable to Buyer, under the authority of the Bankruptcy Court and Sale Order;
  • All data and Records related to the operations of Seller, including client and customer lists and Records, referral sources, research and development reports and Records, production reports and Records, service and warranty Records, equipment logs, operating guides and manuals, financial and accounting Records, creative materials, advertising materials, promotional materials, studies, reports, correspondence and other similar documents and Records and, subject to Legal Requirements, copies of all personnel Records and other Records described in Section 2.02(g). Notwithstanding anything contained in this paragraph (f) no such information deemed Personally Identifiable Information shall be included if the requirements of Section 363(b)(1) of the Bankruptcy Code are not satisfied;
  • All of the intangible rights and property of Seller, including Intellectual Property Assets, going concern value, goodwill, telephone, telecopy and e-mail addresses and listings and those items listed in Section 3.25;
  • All insurance benefits, including rights and proceeds, arising from or relating to the Assets or the Assumed Liabilities prior to the Effective Time, unless expended in
  • accordance with this Agreement;
  • All claims of Seller against third parties relating to the Assets, excluding Avoidance Actions, whether choate or inchoate, known or unknown, contingent or noncontingent, including All such claims listed in Schedule 2.1(j); and
  • All rights of Seller relating to deposits and prepaid expenses, claims for refunds and rights to offset in respect thereof that are not referenced in Section 2.02(d) and that are
  • not excluded under Section 2.02(h).
  • All other properties and assets of every kind, character, and description, tangible or intangible, owned by Seller and used or held for use in connection with the Business, whether or not similar to the items specifically set forth above.

Assets for sale is more described from Page No. 124-142 of the attached PDF.

Sale Location

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505 North 20th Street
Birmingham, AL, 35203

Additional Details

  1. Auction Time: 9:00 a.m.
  2. Sale Hearing Held on September 20, 2019 at 10:00 a.m.
  3. Purchase Price: Under section 2.03 of the APA, the aggregate consideration (the “Purchase Price”) for the purchase, sale, assignment, and conveyance of the Acquired Assets consists of: (i) One Million Two Hundred Thousand and NO/100 Dollars ($1,200,000.00); plus (ii) 93% of the face value of all Accounts Receivable owed to the Seller that are aged ninety (90) days or less as of the Closing Date; plus (iii) 80% of the value of all Work-in- Progress Jobs as of the Closing Date; plus (iv) 80% of the face value of all Inventory that is 60 days older or less as of the Closing Date (collectively, the Purchase Price”); plus (v) the Adjustment Amount4 and (vi) the assumption of the Assumed Liabilities.;
  4. Minimum Bid: A Bid for all or substantially all of the Core Acquired Assets must, individually or in conjunction with one or more other Bids, have a purchase price including any assumption of liabilities, that in the seller's reasonable business judgment (after consulting with the Consultation Parties) has a value greater than the sum of (i) the Purchase Price (as defined in the APA) plus (ii) $75,000.00.
  5. Bid Deadline: September 13, 2019
  6. Last date to respond: September 18, 2019

Other Information

Terms and Conditions:

See Attached.

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