PUBLIC NOTICE OF ABC SALE: Confidential Company

AUCTION OF ASSETS OF Confidential Company

Offer Deadline              May 28, 2024, at 5:00 pm Pacific Time.

NDA Deadline              May 14, 2024

Background

The Confidential Company contract manufacturers custom formulation supplements and nutraceuticals. Annual revenue is approximately $34M. Facility approved for GMP, NSF, and NSF Sport.

The Company is the subject of an assignment for the benefit of creditors.

Process Overview

1. The prospective Assignee will provide a form asset purchase agreement (“APA”) to interested parties who have executed a non-disclosure Agreement (“NDA”) by the NDA Deadline.
2. Letters of Intent in the form of a redline to the APA (containing the additional information as may be required by the prospective Assignee) must be received no later than the Bid Deadline.
3. The winning bidder will be selected and notified by the prospective Assignee on May 29, 2024
4. The selection of the winning bidder is in the prospective Assignee’s absolute discretion.
5. The winning bidder must be prepared to close and fund the purchase by May  31, 2024

Assets to be Sold

It possesses assets including but not limited to: AR, Manufacturing Equipment, Raw Materials, Racking, Delivery Vehicles, Trade Secrets, Trademarks, Domains, and customer lists.

More Information

Jonathan Wernick of B. RILEY FINANCIAL ADVISORY SERVICES. Phone: 213-409-6237 or email: [email protected], Advisor to the Prospective Assignee.