Techniplas Wins Approval to Sell Most of Its Assets to Lenders

U.S. Bankruptcy Judge Laurie Silverstein says she’ll approve the sale of most of Techniplas LLC’s assets for at least $105 million to its debtor-in-possession lenders.

• The lenders bid their debt holdings for the car parts maker’s assets
• “I recognize there was a quick sale process,” Silversetein says, but adds the “marketing of these assets was more than sufficient”
  • Co. filed for bankruptcy on May 6
• PREVIOUSLY: Techniplas DIP Lenders Are Lone Bidders for Most of Its Assets
• The case is Techniplas LLC, 20-11049, U.S. Bankruptcy Court for the District of Delaware.

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