Monday, March 5, 2012

All Seasons Services wins bankruptcy bid for USRefresh, edging out Real Time Data.

A U.S. BANKRUPTCY COURT RECENTLY APPROVED A BID BY ALL SEASONS services Inc. to purchase the assets of USRefresh from U.S. Office Products Inc. for $23.25 million. The ruling by the U.S. Bankruptcy Court for the District of Delaware supersedes an earlier agreement between U.S. Office Products Inc. and Avenel, N.J.-based Real Time Data. The earlier agreement, reported in the April 2001 issue of Automatic Merchandiser, was subject to the results of a public auction. In the auction, held on July 18, Brockton, Mass.-based All Seasons Services submitted the highest bid, according to court documents obtained by Automatic Merchandiser. All Seasons Services agreed to pay $23.25 …

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