Ormet wins approval to sell smelter

Jul 21, 2014 | 01:50 PM | Nathan Laliberte

Tags  Ormet, Niagara Worldwide, Steelworkers Pension Trust, Eric Spirtas, aluminum, aluminum smelter, Nathan Laliberte

NEW YORK — A Delaware bankruptcy court judge has approved Ormet Corp.’s $25.25-million sale of its shuttered aluminum smelter in Hannibal, Ohio, to Niagara Worldwide LLC.

The decision effectively overrules an objection by the Steelworkers Pension Trust, which claimed the deal improperly eliminated its $5-million pension claim, according to a July ruling by Judge Mary F. Walrath.....

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