Ormet seeks court OK to sell Burnside refinery

Oct 28, 2013 | 10:46 AM | Michael Cowden

Tags  Ormet, aluminum, alumina, bankruptcy court, U.S. Trustee, Roberta DeAngelis, Almatis, Burnside refinery

PALM BEACH, Fla. — Ormet Corp. is seeking court approval to sell its Burnside, La., alumina refinery to Almatis Inc. for $35.3 million.

The proposed deal excludes any assets primarily used in connection with Ormet’s idled Hannibal, Ohio, smelter, according to documents filed in U.S. Bankruptcy Court in Delaware.

The bankrupt Hannibal-based aluminum producer has requested a sale hearing on Nov. 5, with objections due by Nov. 4.

Leetsdale, Pa.-based Almatis supplies alumina to the refractory, ceramic and polishing industries, with operations in Leetsdale, Bauxite, Ark., Dalton, Ga., and Neville, Pa., as well as facilities in Brazil, China, Germany, India and the Netherlands.....





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