(Catalog Age)--American Paper Group, a manufacturer of church offertory and other types of envelopes, may be sold within weeks. There are "a number of potential bidders actively working to buy American Paper as a going concern sale," company attorney Matthew Matheney said. "We’re hopeful that a transaction will be well on its way by Dec. 13." Competing bidders have until Jan. 6 to place bids. A bankruptcy
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(Catalog Age)--American Paper Group, a manufacturer of church offertory and other types of envelopes, may be sold within weeks.
There are "a number of potential bidders actively working to buy American Paper as a going concern sale," company attorney Matthew Matheney said. "We’re hopeful that a transaction will be well on its way by Dec. 13."
Competing bidders have until Jan. 6 to place bids. A bankruptcy court hearing for the expected sale of the company will take place on Jan. 9.
American Paper Group filed for Chapter 11 bankruptcy protection last month. The Youngstown, OH-based company operates the catalog business APG Direct.
