Chapter 11 bankrupt Kevco Inc. has sold certain assets of its Kevco Distribution LP subsidiary to Alliance Investment & Management Co.
The sale has been approved by the U.S. Bankruptcy Court for the Northern District of Texas. Terms of the transaction were not revealed.
The transaction includes warehouses and inventory at Cordele, Ga., and Ocala, Fla. Also included is distribution equipment and inventory at New London, N.C., Haleyville, Ala., and Waco, Tex., and inventory at Elkhart, Ind.
Alliance is a closely held company based in Cordele, Ga. It plans to operate the facilities acquired from Kevco as Service Supply Distribution.
Service Supply will have distribution operations in Cordele, Ga., Haleyville, Ala., Ocala, Fla., New London, N.C., and Waco, Tex.