Hussey Copper completes $107.75 million sale to Patriarch Partners

By Caroline Salls

Pittsburgh, Dec. 16 - Hussey Copper, Ltd. has completed the sale of its assets to Patriarch Partners, LLC, according to a Patriarch news release.

As previously reported, Hussey received approval from the U.S. Bankruptcy Court for the District of Delaware on Nov. 16 to sell its assets to Patriarch affiliate Libertas Copper LLC for $107.75 million.

Joe Mallak has been named chief executive officer of Hussey, the release said. He has held executive positions at Aleris International, Century Aluminum and Ford Motor Co.

"As the premiere copper manufacturer in the United States, Hussey well demonstrates our conviction that the path to solve our nation's economic woes is to be the maker of innovative, quality products for today's global marketplace," Patriarch founder and chief executive officer Lynn Tilton said in the release.

Hussey, a Leetsdale, Pa.-based copper products manufacturer, filed for bankruptcy on Sept. 27. Its Chapter 11 case number is 11-13010.

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