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February 13, 2016 12:41 PM ET

Specialty Retail

Company Overview of Calumet Photographic, Inc.

Company Overview

Calumet Photographic, Inc. retails and rents photographic equipment and supplies. It also offers education services, such as learning skills and discover opportunities for enhancing digital capture; video capture and production foundations; gain the ability to distinguish light by quality, quantity, and direction; introduction to nature photography; macro photography; and photo patrol/one on one training. The company serves photographers through retail centers in Chicago, oak Brook, and North Brook, Illinois. The company was founded in 1939 and is based in Chicago, Illinois. As of April 30, 2014, Calumet Photographic, Inc. operates as a subsidiary of C&A Marketing Inc.

819 West Eastman Street

Chicago, IL 60642

United States

Founded in 1939

Phone:

312-440-4920

Fax:

630-860-7447

Key Executives for Calumet Photographic, Inc.

Calumet Photographic, Inc. does not have any Key Executives recorded.

Calumet Photographic, Inc. Key Developments

Calumet Photographic, Inc. Announces Collaborative Contract for Photographic Consumables, Hardware, Maintenance and Leasing

Calumet Photographic, Inc. announced the Collaborative contract for Photographic consumables, hardware, maintenance and leasing. Award to one supplier for Consumables and approx three to four suppliers for hardware/maintenance/leasing worked on a quotation basis.

Motion for Asset Sale Approved for Calumet Photographic, Inc.

The US Bankruptcy Court gave an order approving the sale of substantially all assets of Calumet Photographic, Inc. on April 30, 2014. The trustee after conducting the auction notified the court of Green Tree Capital Holdings, Inc’s, highest and best bid. After reviewing the Green Tree Capital Holdings, Inc’s asset purchase agreement the Court authorized the debtor has been authorized to sell substantially all its assets which include certain inventory, leases, furniture and fixtures, intellectual property, executor contracts, customer files, goodwill, etc. to Green Tree Capital Holdings, Inc., an affiliate of C&A Marketing for a purchase price of $3.13 million plus assumed claim deposit as per the asset purchase agreement dated April 29, 2014. The stalking horse bidder had offered $2.83 million in cash.

Motion for Asset Sale Filed by the Trustee

Calumet Photographic, Inc. filed a motion in the US Bankruptcy Court for the sale of certain assets on April 7, 2014. The debtor seeks the Court’s approval for the sale of its certain assets to CalPhoto US, LLC, an entity formed by certain former principals of the Debtors, for a purchase price of $2.83 million in cash pursuant to the asset purchase agreement signed on April 7, 2014. Under the terms of the agreement, CalPhoto will make a deposit of $2.83 million within 2 days of the execution of the agreement, The debtor’s assets include certain inventory, leases, furniture and fixtures, intellectual property, executor contracts, customer files, goodwill, etc. Neal, Gerber & Eisenberg, LLP acted as legal advisor to CalPhoto US, LLC.

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