Energy Alloys gets approval to sell equity interests, Texas property

By Sarah Lizee

Olympia, Wash., Nov. 23 – Energy Alloys Holdings, LLC received court approval to sell its equity interests in the United Kingdom, Singapore and Dubai subsidiaries to Biourja Commodities, LLC, according to an order filed Monday in the U.S. Bankruptcy Court for the District of Delaware.

The base purchase price is $16.34 million, subject to adjustment.

Also on Monday, the company received 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.

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 20-12088.

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