Auction nears for NH steel company
The private auction will take place at 10 a.m. at the law offices of Nixon Peabody PLLP, 900 Elm St., Manchester.
';Our goal is to get the best possible buyer,'; attorney William Gannon, who represents Isaacson Structural Steel, said Tuesday.
The proposed sale includes purchase or long-term lease of land, building and fixtures at 40 Jericho Road, Berlin; Isaacson Steel's equipment, inventory, customers lists, intellectual property, trademarks and proprietary information; and use of a plasma burning table owned by the former Isaacson Steel, now Presby Steel.
Hearings on two other matters involving the bankruptcy, a bonus program and a wind down budget, were continued Tuesday to Feb. 21 at the U.S. Bankruptcy Court in Manchester.
Key dates for the Jericho Road property auction are:
Feb. 22: Deadline for bids to be submitted.
Feb. 29: Auction, in Manchester.
March 1: Deadline for Isaacson Steel to file a motion for approval of full or partial sale of assets.
March 6: Deadline for sale objections.
March 7: Deadline for objections to motions for assignment of contracts to a successful bidder.
For more information, interested parties may send an email to Jeanne Arquette-Kohler at Jarquette@gannonlawfirm.com or Whitney George of General Capital Partners at firstname.lastname@example.org.