NEW YORK A Los
Angeles-based company has agreed to purchase bankrupt
steelmaker RG Steel LLCs Beech Bottom plant in West
Virginia for $4.4 million in cash, according to documents filed
in U.S. Bankruptcy Court in Delaware.
Hackman Capital placed a bid for
the assets, located in Wellsburg, through a West Virginia
company, State Route 2 LLC, according to court documents and
filings with the West Virginia Secretary of States
A federal bankruptcy court judge
in Delaware approved the sale, according to court documents
filed Nov. 19.
The purchase includes
approximately 617 acres of land, as well as related buildings
and structures, various equipment and personal property,
according to court documents.
Hackman Capital declined to comment.