October 31, 2018 – Oak Point Partners acquired the remnant assets of the Creditor Trust of Schwab Industries, Inc. n/k/a SII Liquidation Company, et al. Bankruptcy Estates (SII Liquidation) in October 2018. On February 28, 2010, SII Liquidation and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Ohio, jointly administered under Case No. 10-60702. On December 15, 2010, the Court entered an order confirming the First Amended Joint Plan of Liquidation, pursuant to which the Trust was created and a Creditor Trustee was vested with the power and duty to administer the assets of the Debtors.
About Schwab Industries, Inc. n/k/a SII Liquidation Company, et al.
Founded in 1955, SII Liquidation produced, supplied, and distributed ready-mix concrete, concrete block, cement and related supplies to commercial, governmental, and residential contractors. The company employed about 350 people.
SII Liquidation also operated under several trade names including Allen Concrete Pumping, Eastern Cement Corp., Medina Supply Company, Schwab Industries, Inc., Schwab Materials, Inc., Schwab Ready-Mix, Inc., and SII Liquidation Company.
The former headquarters of SII Liquidation was located in Dover, OH. The company also had a corporate address in Naples, FL.