Delaware Machinery has been acquired by Delaware Dynamics, an affiliate of Dan T. Moore Company

In February 2010, Delaware Machinery entered a general receivership established by the Delaware County Circuit Court in the State of Indiana. Following a substantive marketing process, the receiver executed an asset purchase agreement on November 5, 2010 with an affiliate of Revstone Industries (the “Stalking Horse”), and a sale procedures order was approved by the Court, setting an auction date of December 2, 2010. At the auction, the Stalking Horse was outbid by Delaware Dynamics, a special purpose entity affiliated with DTM Company. It was determined by the receiver that the bid from DTM Company was the highest and best proposal. Subsequently, the receiver and DTM Company entered into a definitive purchase agreement whereby DTM Company would acquire essentially all of the operating assets of Delaware Machinery. On December 3, 2010, the Delaware County Circuit Court approved the sale transaction, which was completed on December 14, 2010.