Patriarch Partners Completes $108M Hussey Copper Buy

Law360, New York (December 16, 2011, 4:23 PM EST) -- Patriarch Partners LLC, the New York-based buyout firm of distressed-debt mogul Lynn Tilton, has completed its estimated $107.8 million acquisition out of bankruptcy of Leetsdale, Pa.-based copper product manufacturer Hussey Copper Ltd. after overcoming objections to the deal, Patriarch announced Friday.

Patriarch won its bid for the company Nov. 14 after a nine-hour, 34-round auction, immediately after which objections to the bid started flowing in. A Delaware bankruptcy judge approved the sale four days later.

"We believe in American manufacturing, and we are committed to the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.