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Article Date: July 2019
Word Count: 205

Ellett Brothers Moves to Auction Pieces


The three-week going concern sale period for Ellett-parent SportCo expired without a bidder stepping up, but several offers have emerged for certain assets of the bankrupt distributor. The largest of these is Ellett’s Bellefontaine, OH, distribution facility, which real estate broker CBRE has been shopping since the end of May in parallel with the going concern sale process. The acquiring entity, E Brothers Ltd., has submitted a $7,395,000 stalking horse bid for the property itself and all fixtures, furniture and equipment on the premises. An auction was proposed for Aug. 30 if there are any other interested parties, but E ... Log in to view full article.

 


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