Shiloh Industries, Inc. to Proceed with Sale to Grouper Holdings, LLC, a Subsidiary of MiddleGround Capital

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 best interests of Shiloh…