Aceto Corporation

Case No. 19-13448


Case Background

On February 19, 2019, Aceto Corporation and 8 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey.  The cases are pending before the Honorable Vincent F. Papalia, and are jointly administered under Case No. 19-13448.

Important Information & Dates

Plan and Disclosure Statement

On June 17, 2019, the Debtors filed their Plan of Liquidation and the Disclosure Statement related thereto. On July 26, 2019, the Bankruptcy Court entered an order approving the Disclosure Statement.  On September 18, 2019, the Bankruptcy Court entered an order confirming the Plan.  On October 1, 2019 at 12:01 a.m. (ET), the Effective Date of the Plan occurred, and the Plan was consummated.  Please click below to view and download the Plan & Disclosure Statement related documents:

Plan & Disclosure Statement

Asset Sale

On March 8, 2019, the Debtors filed a motion to sell substantially all of their assets comprising the Debtors' Pharma business.  On March 19, 2019, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale.  The Bankruptcy Court held a hearing to consider approval of the sale on April 9, 2019.

On February 22, 2019, the Debtors filed a motion to sell substantially all of their assets comprising the Debtors' Chemical Plus business.  On March 15, 2019, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale.  The Bankruptcy Court held a hearing to consider approval of the sale on April 16, 2019.

Sale Documents

First Day Motions and Orders

A hearing on the Debtors' First Day Motions was held on February 21, 2019 at 10:00 a.m. (ET) before the Honorable Vincent F. Papalia, United States Bankruptcy Court for the District of New Jersey, Courtroom #3A (Judge Stecey L. Meisel's Courtroom), Martin Luther King, Jr. Federal Building, 50 Walnut Street, Third Floor, Newark, NJ 07102.  A final hearing on certain of the First Day Motions was held on March 15, 2019 at 10:00 a.m. (ET).  Please click below to view and download the First Day Motions and the First Day Orders:

First Day Motions

First Day Orders


Dates

February 19 2019 Petition Date ___________ Voluntary Peti... Add to Calendar
October 1 2019 Effective Date 12:01 a.m. (ET) Document re: /... Add to Calendar
+ SHOW ALL DATES

Parties

Debtors' Counsel

  • Lowenstein Sandler LLP

    One Lowenstein Drive
    Roseland, NJ   07068
    https://www.lowenstein.com
    Phone: 973.597.2500
    Fax: 973.597.2400

    Michael S. Etkin, Esq.
    Wojciech F. Jung, Esq.
    Philip J. Gross, Esq.

Official Committee of Unsecured Creditors

  • Porzio, Bromberg & Newman, P.C.

    100 Southgate Parkway
    P.O. Box 1997
    Morristown, NJ   07962
    https://pbnlaw.com/
    Phone: 973.538.4006
    Fax: 973.538.5146

    Warren J. Martin, Jr., Esq.
    Robert M. Schechter, Esq.
    Rachel A. Parisi, Esq.

  • Stroock & Stroock & Lavan LLP

    180 Maiden Lane
    New York, NY   10038-4982
    https://www.stroock.com/
    Phone: 212.806.5400
    Fax: 212.806.6006

    Erez E. Gilad, Esq.
    Jayme T. Goldstein, Esq.
    Joanne Lau, Esq.
    Gabriel Sasson, Esq.

United States Trustee and Court Information

  • United States Bankruptcy Court - District of New Jersey

    Martin Luther King, Jr. Federal Building
    50 Walnut Street, 3rd Floor
    Newark, NJ   07172
    http://www.njb.uscourts.gov
    Phone: 973.645.4764

    Honorable Vincent F. Papalia
    Courtroom #3B

  • Office of the US Trustee

    One Newark Center, Suite 2100
    1085 Raymond Boulevard
    Newark, NJ   07102
    https://www.justice.gov/ust-regions-r03
    Phone: 973.645.3014

    Mitchell B. Hausman, Esq.

Debtors

Case Number Debtor Name Petition Date
Case Number 19-13448 Debtor Name Aceto Corporation Petition Date February 19, 2019
Case Number 19-13449 Debtor Name Tri Harbor Chemical Holdings LLC Petition Date February 19, 2019
Case Number 19-13447 Debtor Name Kavod Pharmaceuticals LLC Petition Date February 19, 2019
Case Number 19-13453 Debtor Name KAVACK Pharmaceuticals LLC Petition Date February 19, 2019
Case Number 19-13451 Debtor Name Kavod Health LLC Petition Date February 19, 2019
Case Number 19-13452 Debtor Name Kavris Health, LLC Petition Date February 19, 2019
Case Number 19-13454 Debtor Name Arsynco, Inc. Petition Date February 19, 2019
Case Number 19-13450 Debtor Name Tri Harbor Realty LLC Petition Date February 19, 2019
Case Number 19-13455 Debtor Name Acci Realty Corp. Petition Date February 19, 2019