DAYTON, Ohio--(BUSINESS WIRE)--On September 7, 2010, the U.S. Bankruptcy Court for the District of
Delaware approved the sale pursuant to Section 363 of the U.S.
Bankruptcy Code of certain assets of Universal Building Products, Inc.
and certain of its subsidiaries (Universal) to UBP Acquisition
Corporation (UBPAC). UBPAC was formed by certain funds managed by
Oaktree Capital Management, L.P., and Solus Alternative Asset Management
LP for the purpose of acquiring these assets at the time Universal
voluntarily filed under Chapter 11 of the U.S. Bankruptcy Code on August
4, 2010.
“The consolidation of these
assets into Dayton Superior will enhance our national ability to service
the concrete construction industry and we are eager to do so.”
Today, Dayton Superior Corporation announced that UBPAC will transfer to
Dayton Superior substantially all of the assets purchased by UBPAC from
Universal, including inventory, receivables, intellectual property,
customer lists, machinery, equipment, rental fleet and books and
records. The relocation of inventory, machinery and equipment and rental
fleet to Dayton Superior???s facilities is expected to be completed within
30 to 60 days.
Since August 4, 2010, Dayton Superior has supported former Universal
customers, dealers and distributors with replacement and substitute
products. ???We???re excited about the opportunity to now fully serve
Universal customers with the timeliness and quality of products that are
Dayton Superior hallmarks,??? said Rick Zimmerman, Dayton Superior
president and chief executive officer. ???The consolidation of these
assets into Dayton Superior will enhance our national ability to service
the concrete construction industry and we are eager to do so.???
For information or questions about the transition from Universal to
Dayton Superior products, customers, dealers and distributors should
call Dayton Superior Customer Service at 888-977-9600.
ABOUT DAYTON SUPERIOR CORPORATION
Dayton Superior is the leading North American provider of specialized
products consumed in nonresidential, concrete construction, and we are
the largest concrete forming and shoring rental company serving the
domestic, nonresidential construction market. Our products can be found
on construction sites nationwide and are used in nonresidential
construction projects, including: infrastructure projects, such as
highways, bridges, airports, power plants and water management projects;
institutional projects, such as schools, stadiums, hospitals and
government buildings; and commercial projects, such as retail stores,
offices and recreational, distribution and manufacturing facilities. For
more information, visit www.daytonsuperior.com.