August 20, 2017 8:17 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Shortbark Industries, LLC

Company Overview

Shortbark Industries, LLC engages in the production of police uniforms, SWAT tactical clothing, battlefield dress uniforms, polypro underwear, and boonie hats. It sells its products to the suppliers who sell direct to retailers. The company has factory in Nashville, Tennessee. The company was founded in 1991 and is based in Tellico Plains, Tennesse. As of December 5, 2007, Shortbark Industries, LLC operates as a subsidiary of Commercial Vehicle Group Inc. On July 10, 2017, Shortbark Industries, LLC, along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

116 Tellico Industry Road

Tellico Plains, TN 37385

United States

Founded in 1991





Key Executives for Shortbark Industries, LLC

Chief Executive Officer and President
Compensation as of Fiscal Year 2017.

Shortbark Industries, LLC Key Developments

Bidding Procedure Approved for Shortbark Industries, LLC

The US Bankruptcy Court ordered approving the bidding procedure related to sale of substantially all of the assets of Shortbark Industries, LLC on August 2, 2017. As per the order, all interested bidder must deposit 5% of the purchase price as good faith amount. The deadline for submitting the qualified bids is September 15, 2017. The auction will be held on September 18, 2017. The sale hearing will be held on September 19, 2017.

Motion for Asset Sale Filed by Shortbark Industries, LLC

Shortbark Industries, LLC filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on July 20, 2017. The debtor seeks the Court’s approval for the sale of substantially all its assets to the highest bidder. To qualify as a qualified bidder, interested parties should submit their bids by August 25, 2017. The debtor has scheduled an auction on August 29, 2017. The sale hearing is scheduled for August 30, 2017.

Interim DIP Financing Approved for Shortbark Industries, LLC

The US Bankruptcy Court gave an order to Short Bark Industries, Inc. to obtain DIP financing on an interim basis on July 13, 2017. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $0.24 million from LSQ Funding Group, LLC. The DIP facility would mature either on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. The final hearing date has been scheduled for August 19, 2017.

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