client_transactions

SSG Client Transactions

Title

Langston Corporation
Client Profile

Client Profile

Langston Corporation (‘Langston’ or the ‘Company’), Debtor-in-Possession, is a leading manufacturer of machinery and equipment that converts paper into corrugated board and prints and finishes paperboard.
Situation

Situation

Langston filed for bankruptcy as a result of depressed industry conditions, following a decrease in the price of copper and a pursuant arrest in the purchase of capital equipment by the major integrated paper companies.
Solution

Solution

SSG sold Langston through a 363 auction generating more than 12 bids above the platform bid resulting in a 50% increase in net proceeds to the estate.
March 2001
has acquired the assets of
Through Section 363 of the United States Bankruptcy Code in the District of Delaware
The undersigned acted as Investment Banker to
Langston Corporation on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 782-3756

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