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Assets of Industrial Gas and Welding Supply Business

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Listing Information


Assets of Industrial Gas and Welding Supply Business

Price: Not Specified

Other Item Info
Item #: debke_188503
Created: 11/17/2022
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Wilmington, Delaware
Sale Date: Fri. Dec 9, 2022
Seller Info
Jeremy William Ryan
Debtor's Attorney
1313 N. Market Street P.O Box 951
Wilmington, DE 19801
302 984-6108
Bankruptcy Info
Case #: 1:22-bk-11121
Case Title: Taronis Fuels, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents


Sale of substantially all of assets of MagneGas Welding Supply – West, LLC (the “Seller”) which include:

(i) The tangible assets used or useful in the CA Business, and all of the accounts receivable, deposits, inventories, intangible properties and fixed assets used or held for use in the Business (including MagneGas West’s leasehold interest in cylinders and liquid containers leased from third parties upon and subject to the terms thereof); (ii) the Assumed Contract, and the contract rights, causes of action, claims, refunds and demands of whatever nature, including rights to returned or repossessed goods and rights as unpaid vendor arising out of the Business, and related to such contracts; (iii) copies of, and/or access to, all books and records relating to the CA Business concerning operations conducted during the five-year period preceding the Closing Date; (iv) all rights of any Selling Party in and to all of MagneGas West’s intellectual property relating to the Business, all of which will be described in the disclosure schedules to the APA; (v) all of MagneGas West’s intangibles and goodwill related to the Purchased Assets and/or used in the Business, including customer, vendor and business relationships; and (vi) the Real Property, located at 1590 E. Kentucky Ave., Woodland, CA 95776

Sale Location

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824 North Market Street
Wilmington, DE, 19801

Additional Details

  1. Sale Hearing Time: 10:30 a.m.
  2. Purchase Price: The sellers are seeking approval for the sale of the Purchased Assets to the Purchaser by private sale for the purchase price of not less than $5,900,000 and, depending on certain diligence to be conducted by the Purchaser, up to $6,200,000 (the “Purchase Price”).
  3. Last date to respond: December 2, 2022

Other Information

Terms and Conditions:

See Attached.

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