Cascade Partners Advises on Successful § 363 Bankruptcy Sale of Wrena, LLC to Angstrom Metal Stampings, LLC.
Cascade Partners is pleased to announce its role as the exclusive investment banking advisor in the successful § 363 Bankruptcy Sale of Wrena, LLC. Despite being a profitable entity, Wrena, LLC filed for Chapter 11 Bankruptcy protection to address litigation-related liabilities and opted for a sale under Section 363 of the Bankruptcy Code. Cascade Partners was engaged to facilitate this critical transaction. Wrena, LLC, a full-service supplier of stamped metal products to the automotive industry, specializes in metal fabricating, metal stamping, welding, and assembling. Based in Ohio, the company employs approximately 50 dedicated professionals. The buyer, Angstrom Metal Stampings, LLC, has committed to continuing operations at the existing Ohio facility, retaining the current staff to ensure seamless business continuity. Cascade Partners provided investment banking advisory services to Wrena, LLC, guiding the company through a complex process to achieve a successful outcome. Wolfson Bolton Kochis served as the legal advisor for the transaction.