Standard Register asks court to allow private $2.2 million asset sale

By Kali Hays

New York, April 22 – Standard Register Co. is seeking approval of a private property sale to SB Busser, LLC for a purchase price of $2.2 million, according to a Tuesday motion filed with the U.S. Bankruptcy Court for the District of Delaware.

The property is a commercial building located in York County, Pa., and the sale includes 5.5 acres of surrounding land.

A $50,000 deposit from SB Busser is being held in escrow, but it will be applied to the purchase price upon approval of the sale, according to the motion.

A hearing is scheduled for May 12.

Standard Register is a Dayton, Ohio-based provider of business documents and related services for the health care, financial services, commercial and industrial markets. The company filed for bankruptcy on March 12 under Chapter 11 case number 15-10541.

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