Private Equity Affiliate Signs Agreement to
Purchase Arch Assets for $53.8 Million
January 15, 2010
The United States Bankruptcy Court for the Southern District of
Florida released today an Asset Purchase Agreement among AAG Holdings
Inc., Arch Aluminum & Glass Co. Inc., Arch Aluminum L.C., AWP
LLC and Arch Aluminum And Glass International Inc. as sellers,
and Arch Aluminum & Glass Enterprises Inc. in Boca Raton, Fla.,
Signing the contract as purchaser was Aaron P. Wolfe, listed as
vice president of Arch Aluminum & Glass Enterprises Inc., a
Delaware Corp. Wolfe is listed as a principal of Sun Capital Partners
on that firms website; Sun Capital describes itself as a leading
private investment firm focused on leveraged buyouts, equity, debt
and other investments in market-leading companies that can benefit
from its in-house operating professionals and experience.
The agreement cited a price tag for the purchased assets of $53,820,582.23.
Earlier court documents indicated that the asset sale was expected
to generate nearly $62.0 million of value.
The agreement is dependent upon a transaction approval order from
the court by January 22, and a closing date set prior to January
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