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Assets of Foils Manufacturing Facility Business

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Listing Information

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Assets of Foils Manufacturing Facility Business



Price: $2,250,000.00


Other Item Info
Item #: debke_180183
Created: 03/26/2020
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Wilmington, Delaware
Sale Date: Thu. May 7, 2020
Seller Info
Monique DiSabatino
Debtor's Attorney
1201 N. Market Street, Suite 2300 P.O. Box 1266
Wilmington, DE 19899
302-421-6806
Bankruptcy Info
Case #: 1:20-bk-10239
Case Title: API Americas Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of assets of API Americas Inc., including all right, title and interest of Seller in, to and under the following assets, properties, rights, contracts and claims of Seller, whether tangible or intangible, real, personal or mixed, that are owned or leased by Seller (collectively, the "Purchased Assets"):

  • All raw materials, packaging materials, work-in-process inventories and finished goods inventories of the Foils Business (“Inventory”) as of 11:59 p.m. Eastern Time (“Effective Time”) on the closing of the transactions contemplated under the Purchase Agreement (“Closing”) is effectuated (“Closing Date”). The parties understand and agree that API Americas will continue to use Inventory in the ordinary course prior to the Closing in order to complete outstanding production orders;
  • All machinery, equipment, fixtures, furnishings, spare parts and other items of tangible personal property that are used by API Americas, Inc. in the operation of the Foils Business and located at the parcel of real property that is owned by API Americas, Inc. as legally described on Exhibit A to the Purchase Agreement, with an address of 3841Greenway Circle, Lawrence, Kansas (“Lawrence Real Property”), as of the Effective Time;
  • The Lawrence Real Property;
  • All books, records, files, data, reports, plans, sales and promotional materials, catalogs and data brochures relating to the operation of the Foils Business or the ownership of the Purchased Assets, other than (i) books, records and such other materials that Seller is required by law to retain (copies of which, to the extent permitted by applicable law, will be made available to Purchaser at its sole expense upon reasonable request) and (ii) minute books and other corporate records of API Americas, as well as any intellectual property developed by API Americas and used in the Foils Business;
  • All permits held and used by API Americas primarily in connection with the operation of the Lawrence Real Property and production (in each case, to the extent transfer is permitted by applicable law); and
  • All rights of Seller under or pursuant to all warranties, representations and guarantees made by suppliers, manufacturers and contractors to the extent relating primarily to the Foils Business or the Purchased Assets.

Assets for sale is more described on the attached PDF.


Sale Location

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824 Market Street, 5th Floor
Wilmington, DE, 19801

Additional Details

  1. Sale Hearing in "Courtroom #6" @ 2:00 p.m.
  2. Bid Deadline: April 7, 2020
  3. Last date to respond: April 7, 2020


Other Information

Terms and Conditions:

See Attached.


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