APG Direct parent company seeks sale out of Chapter 11

American Paper Group

, a manufacturer of church offertory and other types of envelopes which filed for Chapter 11 bankruptcy protection on Nov. 6, is working diligently toward a sale of the company. A transaction could be put in place by as early as Dec. 13, pending court approval. The Youngstown, OH-based company operates a catalog business called APG Direct.

Although the Northern District of Ohio bankruptcy court held a hearing on Dec. 3 to explore the marketer’s cash collateral, the court didn’t demand that the company find a buyer. But a company attorney Matthew Matheney, from the Cleveland-based law firm Frantz Ward, says there are “a number of potential bidders actively working to buy American Paper as a going concern sale. We’re hopeful that a transaction will be well on its way by Dec. 13,” he says.

Competing bidders have until Jan. 6 to make their bids. Another bankruptcy court hearing for the expected sale of the company will take place on Jan. 9.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.