Gaspari Seeks To Sell Business

October 16, 2014 – In The News
The Deal

Joshua Klein was featured in The Deal article "Gaspari Seeks To Sell Business." Full text can be found in the October 16, 2014, issue, but a synopsis is below.

Gaspari Nutrition Inc., a sports nutrition supplement company, plans to sell its business after recently filing for bankruptcy.

After a bidding procedures motion on October 13, stalking-horse bidder, Allegro Nutrition LLC offered $5 million for Gaspari’s assets.

The $5 million bid might increase or decrease depending on the debtor’s accounts receivable and other inventory-based factors, the APA reported.

On October 21, the U.S. Bankruptcy Court of New Jersey in Trenton judge, Christine Gravelle, will consider the matter.

Marie C. Dooley, Joshua T. Klein and Michael J. Viscount represented Gaspari Nutrition Inc.