Energy Alloys seeks court approval to sell property for $6.2 million

By Sarah Lizee

Olympia, Wash., Nov. 18 – Energy Alloys Holdings, LLC is seeking court approval to sell substantially all of the assets relating to the real property located on Wingfoot Road in Houston and in Conroe, Tex., to Industrial Realty Group, LLC for $6.2 million, according to a motion filed Monday in the U.S. Bankruptcy Court for the District of Delaware.

Energy Alloys has agreed to pay the buyer an up to $75,000 expense reimbursement.

The deal is expected to close no later than Dec. 15.

A hearing is scheduled for Nov. 23.

Houston-based Energy Alloys provides oilfield metals, services, and supply chain solutions to global oil and gas manufacturers and service companies in the energy industry. The company filed Chapter 11 on Sept. 9 under case number is 20-12088.

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