SHLO

SC 13G/A - SHILOH INDUSTRIES INC (0000904979) (Subject)

LEXINGTON, Ky.--(BUSINESS WIRE)--MiddleGround Capital announced today that it has acquired majority ownership of Shiloh Industries, Inc. This is MiddleGround’s seventh platform acquisition made from its first fund and the firm’s fifth acquisition of 2020. This transaction also marked MiddleGround’s second automotive deal sourced, diligenced, and closed during the COVID-19 pandemic. MiddleGround is actively investing in lower middle market B2B industrial businesses headquartered in North America from its first institutional fund. Shiloh is a global innovative solutions provider focusing on light weighting technologies that provide environmental and safety benefits to the mobility

VALLEY CITY, Ohio--(BUSINESS WIRE)--Shiloh Industries, Inc. (OTCMKTS: SHLOQ) (the “Company” or “Shiloh”), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has completed the marketing process approved by the U.S. Bankruptcy Court for the District of Delaware (the “Court”) and is moving forward under the previously announced asset purchase agreement with Grouper Holdings, LLC, a subsidiary of MiddleGround Capital LLC (“MiddleGround”). MiddleGround is expected to acquire substantially all of the Company’s assets, including the equity interests of certain of the Company’s direct and indirect subsidiaries. “We believe this outcome is in the

VALLEY CITY, Ohio--(BUSINESS WIRE)--Shiloh Industries, Inc. (NASDAQ: SHLO) (the “Company”) an environmentally focused global supplier of lightweighting, noise and vibration solutions, today announced that it has received approval from the U.S. Bankruptcy Court for the District of Delaware for the bidding procedures and stalking horse protections in connection with its previously announced stock and asset purchase agreement with Grouper Holdings, LLC (“Grouper”), a subsidiary of MiddleGround Capital LLC (“MiddleGround”). The Company also received final approval for a number of its “First Day” motions related to the Company’s voluntary Chapter 11 petitions filed on August 30, 2020. U