H2-Brands gets approval of bid procedures; auction set for March 20

By Sarah Lizee

Olympia, Wash., March 6 – Nova Wildcat Shur-Line Holdings, Inc., doing business as H2-Brands, received court approval of the bid procedures for the sale of its assets, according to an order filed March 3 with the U.S. Bankruptcy Court for the District of Delaware.

The company had started a prepetition marketing process for its assets in early December. As of the petition date, it had executed non-disclosure agreements with 46 potential bidders.

The company received court approval to choose a stalking horse bidder under the bid procedures. No bid protections were listed.

Bids are due by 5 p.m. ET on March 15, an auction will be held on March 20, a sale hearing will take place on March 24, and the deadline to close the sale is March 31.

H2 Brands is a Cranbury, N.J.-based home and hardware products company. It filed bankruptcy on Jan. 29 under Chapter 11 case number 23-10114.

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