Dan River gets court OK to sell Jilotepec for $1.175 million

By Lisa Kerner

Charlotte, N.C., Feb. 7 - Dan River Holdings LLC was granted court approval to sell its Jilotepec property located in Mexico for $1.175 million to stalking horse bidder Corduroy, SA de CV, according to a Feb. 7 filing with the U.S. Bankruptcy Court for the District of Delaware.

The Jilotepec property, identified as Lote Uno de la Manzana numero Dos del Parque Industrial Jilotepec, consists of about 13 acres of land, including a 121,266-square-foot industrial facility.

Dan River, a Danville, Va.-based textile company, filed for bankruptcy on April 20, 2008. Its Chapter 11 case number is 08-10726.

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