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...
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