July 26, 2016 6:55 PM ET

Chemicals

Company Overview of Sherwin Alumina Company, LLC

Company Overview

Sherwin Alumina Company, LLC produces aluminum oxide or alumina in South Texas. It offers smelter grade aluminum oxide. The company was founded in 1953 and is based in Gregory, Texas. Sherwin Alumina Company, LLC operates as a subsidiary of Allied Alumina, LLC. On January 11, 2016, Sherwin Alumina Company, LLC, along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

4633 Highway 361

Gregory, TX 78359

United States

Founded in 1953

Phone:

361-777-2200

Fax:

361-777-2666

Key Executives for Sherwin Alumina Company, LLC

Chief Executive Officer and President
Administration Director
Compensation as of Fiscal Year 2016.

Sherwin Alumina Company, LLC Key Developments

PCCA Eyeing Sherwin Alumina

Port of Corpus Christi Authority (PCCA) has made a bid to acquire Sherwin Alumina Company, LLC. According to the documents filed with U.S. Bankruptcy Court in Houston, PCCA offered a bid totaling $32.9 million, and already has made a $2 million ‘good faith deposit’ with a bank to move the process forward. The company has announced plans to sell its assets in exchange for forgiveness of $95 million in debt plus $0.25 million in cash.

Notice of Successful Bid Filed by Sherwin Alumina Company, LLC

Sherwin Alumina Company, LLC filed a notice of successful bid in the US Bankruptcy Court on April 21, 2016. Corpus Christi Alumina LLC emerged as the successful bidder for substantially all of the debtors’ assets (other than certain real property and related assets) for $54.5 million, which includes a credit bid of $50 million and $4.5 million in cash.

Sherwin Assets For Sale

The assets of Sherwin Alumina Company, LLC are scheduled to be auctioned next week, according to a document filed in bankruptcy court. The document, filed in the US Bankruptcy Court in southern Texas, lists the auction date for Sherwin Alumina Co LLC assets as 11 am Eastern Time on April 20, 2016. The deadline for bids on the business is 5 pm Eastern Time on April 18, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
January 11, 2016
--
Merger/Acquisition
January 11, 2016
--
 

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