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Bankrupt Redmond e-tailer has buyer

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Must Reads
Tuesday, February 18, 2014

Minnesota-based Active Boarder Corp. is the leading bidder for Altrec Inc.

Active Boarder shares the same physical address with the-house.com, an online and brick-and-mortar retailer for skiers, snowboarders, wake boarders and other outdoor sports.

Active Boarder replaces Great Outdoors Holdco, which, in late January, had a "stalking horse" agreement to purchase "substantially all of the assets and certain specified liabilities" of Altrec, court documents say. Great Outdoors also lent Altrec $250,000 so that the Redmond company could continue doing business through the process of finding a buyer.

Read more at OregonLive.com

 

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