Leon R. Barson has been selected as assignee for the benefit of creditors of Sasa Demarle, Inc., the U.S. subsidiary of Sasa Demarle Group, a global leader in the design and manufacture of baking equipment primarily for bakery and pastry professionals. The group operated through two branches: Sasa, which specialized in rigid and semi-rigid baking equipment, and Guy Demarle, the inventor of flexible supports and molds under the Flexipan and Silpat brands.
The French parent company of Sasa Demarle, Inc., itself in liquidation, has authorized its Princeton, New Jersey-based subsidiary to wind down its operations and conduct an orderly liquidation for the benefit of creditors. In that connection, Mr. Barson has been appointed as assignee in the context of an assignment for the benefit of creditors proceeding.
Barson Advisory is a boutique financial advisory firm with a focus on the preservation of business value in distressed and special situations. The firm plays a critical role in delivering an independent perspective, comprehensive analysis, and strategic advice along with disciplined execution to achieve the appropriate restructuring solution with a focus on maximizing stakeholder value. Mr. Barson, managing member of the firm, is a trusted advisor to business enterprises and boards of directors with 36+ years of restructuring expertise.