Judge Approves Sale of Collins & Aikman Plant

Law360, New York (September 4, 2007, 12:00 AM EDT) -- A bankruptcy judge has approved a deal between bankrupt auto parts maker Collins & Aikman and the auto parts company led by billionaire investor Wilbur Ross, allowing Ross' International Automotive Components Group North America Inc. to acquire one of the company's plants in Mexico.

U.S. Bankruptcy Judge Steven Rhodes signed off on the asset purchase agreement on Friday for the plant, which is part of Collins & Aikman's Interior Plastics Group. The Hermosillo, Mexico, facility makes components for vehicles like the Ford Fusion, Mercury Milan and...
To view the full article, register now.