Maurice Lenell Cooky Company has continued operations through a transaction with Consolidated Biscuit Company
TRANSACTION LEADERS
Maurice Lenell Cooky Company – This well-known, family-owned, Chicagoland cookie manufacturer was forced to file chapter 11 protection when their lender of 14 years would not extend their loan. Internal litigation between the shareholders further complicated the issue, as did their decision to sell the building to a local developer prior to the filing. The building was scheduled to be demolished in 14 months and the business was quickly losing any going concern value.
SC&H Capital was retained and quickly generated two going concern bids. Through a competitive auction, the highest value for the company was achieved and the business was sold to a strategic buyer, who relocated to a new building and restarted operations.