NCoat Sale Approved Over Creditors' Disapproval
Judge Thomas W. Waldrep Jr. of the U.S. Bankruptcy Court for the Middle District of North Carolina approved the sale, finding it fair and reasonable. NCoat had already agreed to an asset purchase agreement with Fort Ashford before it filed for Chapter 11 bankruptcy protection in August.
The company, formed in 2004, develops coatings using...
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