August 28, 2016 6:51 AM ET

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Company Overview of Champion Laboratories, Inc.

Company Overview

Champion Laboratories, Inc. manufactures and distributes automotive filters and PCV valves for original equipment manufacturers and the aftermarket. It offers oil, air, cabin air, fuel, labs fuel, transmission, fuel dispensing, heavy duty, and gas turbine filters. The company offers its products through distributors in the United States, Canada, and Mexico. Champion Laboratories, Inc. was formerly known as Kleen Pak Manufacturing Company and changed its name to Champion Laboratories, Inc. in 1959. The company was founded in 1955 and is based in Albion, Illinois with locations in Toronto, Canada; Saltillo, Mexico; Wujiang, China; York, South Carolina; Paris, France; Riverside, California; San...

200 South 4th Street

Albion, IL 62806

United States

Founded in 1955

Phone:

618-445-6011

Fax:

618-445-4040

Key Executives for Champion Laboratories, Inc.

President
Vice President of Human Resources
Director of Aftermarket Sales
Director of Heavy-Duty Sales
Vice President of Sales & Marketing
Compensation as of Fiscal Year 2016.

Champion Laboratories, Inc. Key Developments

Motion for Asset Sale Filed by UCI International, Inc.

UCI International, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 26, 2016. The debtor seeks the Court’s approval for the sale of its certain assets to Talleres Mecanicos Montserrat, S.A. de C.V (TMM) through a private sale. The debtor’s assets include certain equipment and certain components of Fairfield Facility. As a part of the transaction, the debtor anticipate that it will transfer approximately $15 million in components in connection with the TMM Fuel Pump Transactions and the total value of the equipment to be sold to TMM pursuant to the TMM Equipment Sales will be less than $0.20 million. The debtor is not required to seek or solicit any additional bids for the assets.

Motion for Asset Sale Approved for UCI International, Inc.

The US Bankruptcy Court gave an order approving the sale of certain assets of UCI International, LLC on July 12, 2016. The debtor has been authorized to sell its certain de minimis assets with value of less than $5 million. For assets with selling price of less than $0.5 million, the debtor shall be authorized to consummate the sale without providing any advance notice to the interested parties and without any further Court authorization. The Debtor should exercise their business judgment that such Sale is in the best interests of their estates and is consistent with the terms of the Cash Collateral Order or post-petition financing order and the assets are free of any liens. For assets with selling price greater than $0.15 million but less than $1 million, the debtors will be required to serve notices to the related parties and shall consensually resolve the objections, if any.

Motion for Asset Sale Filed by UCI International, Inc.

UCI International, LLC filed a motion in the US Bankruptcy Court for the sale of its certain assets on June 16, 2016. The debtor seeks the Court’s approval for the procedure of sale of its de minimis assets with value of less than $5 million. The debtor requests the Court that it shall be authorized to sell the assets without any further authorization from the court for sale of less than $5 million. For assets with selling price of less than $0.5 million, the Debtor should exercise their business judgment that such Sale is in the best interests of their estates and is consistent with the terms of the Cash Collateral Order or post-petition financing order and the assets are free of any liens. For assets with selling price of more than $0.5 million but less than $5 million, the debtors will also be required to serve notices to the related parties and shall consensually resolve the objections, if any. Pursuant to this, the sale will be deemed final and fully authorized by the court.

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