USA: Court Approves Meridian's Purchase of Cambridge; Sale Closing to Follow
Cambridge Industries' Board of Directors announced that it has received approval from the United States Bankruptcy Court for the District of Delaware to sell substantially all of the company's assets to Meridian Automotive Systems, Inc. of Dearborn, Michigan. This action clears the way for Cambridge and Meridian to close the sale within the next few weeks. At that time, Meridian will assume ownership of the purchased assets. Additionally, the Meridian name will replace Cambridge's name in all affected locations.
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