NYX Inc. is the front-runner to buy the assets of automotive molder InMold Inc. out of Chapter 11, with a bid worth an estimated $4.7 million.
A final decision on who takes over the company, however, will wait until an auction, probably in mid-May. That timetable gives other bidders a chance to beat the NYX proposal.
InMold is the holding company for GP Plastics Inc. of Rochester Hills, Mich., and AEP Technologies Inc. of Fraser, Mich.
The business filed for protection from creditors in U.S. Bankruptcy Court in Detroit in November. The company listed debts in excess of $10 million.
InMold has about $11 million in annual sales and had an …
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