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On Sunday, Moore-Handley, Inc. filed a notice with the bankrutpcy court announcing its determination of the successful bidder for substantially all of its assets. Pursuant to procedures that were approved by the bankruptcy court, Moore-Handley held an auction on Friday, September 25th. Following that auction, Moore-Handley (in consultation with CIT) determined HHH Acquisition Company, LLC had submitted the successful bid with an offer of $14.4 million. The proposed sale is pursuant to an Asset Purchase Agreement to which House-Hasson Hardware Company is also a party.

The company and CIT further determined that BB/MH Acquisition Company, LLC offered the second-highest offer with a bid of $13.5 million and designated BB/MH as the backup bidder in the event that the proposed sale to HHH Acquisition does not close. Bostwick-Braun Co. had initially offered the stalking horse bid for Moore-Handley's assets.

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