Bankruptcy Court approves Gorham Paper and Tissue sale, parties hope to close by the end of year
GORHAM â The sale of Gorham Paper and Tissue was approved in U.S. Bankruptcy Court for the District of Delaware Friday and the closing is expected to take place by the end of the year. U.S. Bankruptcy Court Justice Karen Owens ruled she found no reason for delay in implementing the order, which calls for the sale of substantially all of the assets of GPT and its subsidiary, White Mountain Tissue. GPT filed for Chapter 11 bankruptcy on Nov. 4, at the same time announcing it had agreed to se...
Source: conwaydailysun.com