Commercial Metal Forming sales to go through today

YOUNGSTOWN — The sale of Constellation Enterprises three companies, including Commercial Metal Forming located here, is expected to be finalized today.

Constellation filed for bankruptcy in May and three of its companies: Commercial on Logan Avenue, Jorgensen Forge Corp. of Washington and Zero Manufacturing of Utah are expected to be purchased together.

Bankruptcy files show Commercial’s highest individual bidder was Samuel, Son and Co. Inc. for $54.2 million. Zero received no bids. Jorgensen also received no bids, but an undocumented offer from Georgia Financial X LLC to purchase the assets of the company was received at $6 million.

A combination bid for Zero and Jorgensen was submitted by JFZ Acquisition for $5.4 million.

One bulk bid for all three companies was submitted for $108 million from CE Star Holdings LLC.

Another company, Columbus Castings in Columbus that was left idled after Constellation’s bankruptcy, received a bid for $29.7 million from 476 Bridge Street LLC.

The sale hearing for all of the companies is scheduled for noon today in U.S. Bankruptcy Court for the District of Delaware.