The US Bankruptcy Court gave an order approving the sale of substantially all the assets of ESP Petrochemicals, Inc. on March 17, 2017. The debtor has been authorized to sell substantially all its assets to Encore Chemical Solutions LLC, the proposed buyer for a purchase price of $2.62 million. The purchase price includes $1.75 million credit bid plus $0.14 million for investment banker fees plus assumption of ad valorem taxes of $0.07 million plus assumption of accounts lender of $0.31 million plus $0.30 million in cash plus assumption of Solstice Capital obligations in the amount of $0.11 million plus Payment or assumption of Ford Motor Finance Obligations in the amount of approximately $9,000.00.