Kevco Inc., the supplier/distributor firm that is being liquidated under bankruptcy court supervision, hopes to sell “substantially all the assets” of its Sunbelt Wood Components division to Universal Forest Products Inc.
The terms of the proposed transaction were not revealed.
Kevco anticipates closing the sale of Sunbelt Wood to Universal by the end of March. The deal will have to be approved by the U.S. Bankruptcy Court for the Northern District of Texas.
Recently, Kevco sold its Design Components division to Adorn LLC for $13.5 million. The bankruptcy court approved the sale of Design Components on Feb. 23.