July 26, 2017 3:07 AM ET

Household Durables

Company Overview of Chromcraft Revington, Inc.

Company Overview

Chromcraft Revington, Inc. engages in the design, import, manufacture, and marketing of residential and commercial furniture in the United States and Canada. The company offers dining room furniture, such as tables, armed and side chairs, counter and bar height stools, buffets, and China cabinets for use in dining rooms, great rooms, breakfast rooms, and kitchens; occasional furniture, including coffee tables, end tables, sofa tables, entertainment storage cabinets, library and modular wall units, and other accent pieces; and bedroom furniture made of solid woods, veneers, and metal. It also provides commercial furniture comprising office chairs; conference, meeting room, and training tables...

1330 Win Hentschel Boulevard

Suite 250

West Lafayette, IN 47906

United States

Founded in 1946

280 Employees

Phone:

765-807-2640

Key Executives for Chromcraft Revington, Inc.

Chairman and Chief Executive Officer
Age: 67
Chief Financial Officer, Principal Accounting Officer and Vice President
Age: 59
Vice President of Finance and Secretary
Age: 61
Senior Vice President of Sales
Age: 64
Compensation as of Fiscal Year 2017.

Chromcraft Revington, Inc. Key Developments

Motion for Asset Sale Approved for Chromcraft Revington, Inc.

The US Bankruptcy Court ordered approving the sale agreement of sale of Delphi Property of Chromcraft Revington, Inc. on February 8, 2016. As per the order, the Court has authorized the Trustee to sell the Delphi Property to the backup bidder, Peters Industrial Development LLC, for a purchase price of $1.28 million pursuant to purchase agreement entered. The backup bidder made a deposit of $0.08 million into escrow account and balance will be transfer on Closing.

Notice for Asset Sale to Backup Bidder Filed by Chromcraft Revington, Inc.

Alfred T. Giuliano, Chapter 7 Trustee. filed a notice of selection of backup bidder and intent to proceed with sale of assets of Chromcraft Revington, Inc. in the US Bankruptcy Court on February 5, 2016. As per the notice, the Trustee has attempted to close the sale of the Delphi Property to the Prevailing Bidder without success. Pursuant to the Bid Procedures, the Trustee has therefore elected to proceed with a sale of the Delphi Property to the Backup Bidder for the backup bid purchase price of $1.28 million.

Motion for Asset Sale Approved for Chromcraft Revington, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of Chromcraft Revington, Inc. on November 23, 2015. The Trustee has been authorized to sell debtor’s assets to Carroll County Warehouse and Logistics, LLC, the stalking horse bidder for a purchase price of $0.81 million in cash. The assets include real property located at 1100 N. Washington Street, Delphi. Wojciech F. Jung of Lowenstein Sandler LLP and Michael A. Valinetz of Wooden & McLaughlin LLP acted as legal advisors to the debtor and Jerry Withered of Withered Burns, LLP acted as legal advisor to the buyer.

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Recent Private Companies Transactions

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Date
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