CLIENT TRANSACTIONS

WorldClass Processing, Inc.

Client Profile
WorldClass Processing, Inc. (‘Worldclass’), Debtor-in-Possession, is a leading intermediate toll processor of hot rolled coils of carbon and stainless sheet steel located in Ambridge, Pennsylvania.
Situation
WorldClass filed for bankruptcy protection as a result of an increase in steel imports and the related downturn in the domestic steel industry, as well as ongoing costs associated with shareholder litigation.
Solution
The SSG Group of Berwind Financial acted as the exclusive financial advisor in the sale of the business, as a going concern, which included land, buildings, intellectual property and working capital, through Section 363 of the United States Bankruptcy Code.

Philadelphia
(610) 940-1094Email
New York
(212) 786-7432Email