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Law360 (September 25, 2020, 9:08 PM EDT) —
Auto parts supplier Shiloh Industries received a green light Thursday for its Delaware Chapter 11 stalking horse sale plan, with an affiliate of private equity firm MiddleGround Capital LLC tapped as the bidder-to-beat with a $218 million offer for the business.
The decision positioned the company, which produces motor vehicle frames and other components for cars and trucks, to begin a more than month-long sale effort for the Ohio-based manufacturer.
MiddleGround affiliate Grouper Holdings LLC will