This is a public record generated listing.
Assets of Louisiana Galvanizing Manufacturers Business
Listing Information
Attachments
Assets of Louisiana Galvanizing Manufacturers Business
Price: Not Specified
Other Item Info
Item #: lambke_64914
Created: 03/17/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: Mon. Jun 18, 2018
Created: 03/17/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: Mon. Jun 18, 2018
Seller Info
Paul Stewart
Debtor's Attorney
301 Main Street, Suite 1640
BATON ROUGE, LA 70801
225-231-9998
Debtor's Attorney
301 Main Street, Suite 1640
BATON ROUGE, LA 70801
225-231-9998
Bankruptcy Info
Case #: 3:18-bk-10259
Case Title: Great Southern Galvanizing, LLC
Court: Louisiana Middle Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Great Southern Galvanizing, LLC
Court: Louisiana Middle Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of Assets of Great Southern Galvanizing, LLC d/b/a Great States Galvanizing., which include Land and Improvements, Zinc in cauldron, Accounts Receivable, Equipment and Rolling Stock.
Great Southern Galvanizing, Inc., dba Great States Galvanizing, was incorporated in Delaware in July 2009, for the purpose of constructing and operating a hot dip galvanizing facility that provides corrosion protection services to the petro-chemical, industrial, electrical, cellular communications, and offshore industries by applying molten zinc to metal components. The Company’s production facilities were completed, and operations commenced in November 2011.
Financial Overview
Income and Expenses ($)
months
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Asset and Liability Summary ($)
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Real Estate:
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Liabilities to assume:
Additional Details
- Sale Hearing Held on June 18, 2018.
- Credit Bidding. The Auction Procedures allows credit bidding for secured creditors with claims allowed under Bankruptcy Code section 506. As noted in paragraph 39.b, below, an judgment was recorded on February 14, 2018 in favor of creditors Hobson Galvanizing, Inc., Westside Galvanizing Services, Inc. and AZZ Inc., securing indebtedness of roughly $3,400,000.
- Bid Deposit: $50,000.00
- Bid Deadline: June 13, 2018