Sun Capital Affiliate Wins Vitro Units With $55M Bid

Law360, New York (June 3, 2011, 5:15 PM EDT) -- A Sun Capital Partners Inc. affiliate on Wednesday won the auction for Mexican glassmaker Vitro SAB de CV’s American assets with a $55 million bid in Texas bankruptcy court.

American Glass Enterprises LLC outbid all other comers — including a $44 million offer from a stalking horse affiliated with Grey Mountain Partners LLC — for Vitro America, Super Sky Products Inc. and Super Sky International Inc., according to a notice filed Thursday.

U.S. Bankruptcy Judge Harlin DeWayne Hale in May consolidated Vitro’s Chapter 15 case in...
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