NIAGARA Worldwide LLC entered into an asset purchase agreement to acquire aluminum smelting facility in Hannibal and real property interests from Ormet Corporation (OTCPK:ORMT.Q), Ormet Railroad Corporation, Specialty Blanks Holding Corporation, Ormet Primary Aluminum Corporation and Ormet Aluminum Mill Products Corporation.
The deal is subject to approval from bankruptcy court. The bankruptcy court approved the deal on July 18, 2014. Kim Martin Lewis of Dinsmore & Shohl LLP and Robert J. Dehney of Morris, Nichols, Arsht & Tunnell LLP acted as legal advisors to Ormet Corporation. Hillary Schumaker of Armstrong Teasdale LLP acted as legal advisor to NIAGARA Worldwide LLC. Toby Kreidler and Siegel of Calibre Group LLC acted as financial advisors to Ormet.
NIAGARA Worldwide LLC entered into an asset purchase agreement to acquire aluminum smelting facility in Hannibal and real property interests from Ormet Corporation (OTCPK:ORMT.Q), Ormet Railroad Corporation, Specialty Blanks Holding Corporation, Ormet Primary Aluminum Corporation and Ormet Aluminum Mill Products Corporation on August 20, 2014.