CONNERSVILLE, IND. ― Stant Manufacturing said it continues to make substantial progress in its effort to emerge from its July Chapter 11 filing. Stant’s asset purchase by stalking horse bidder, HIG affiliate, Vapor Acquisition Corp was approved on Sept. 15. This latest court action means Stant will emerge from the Chapter 11 process earlier than planned.

Stant plans complete the sale in October and immediately return to normal operations of the business. From the initial July 27 filing date, Stant’s time in the Chapter 11 process will be less than 75 days.

“This is great news for Stant’s family of customers, suppliers, and employees. The emerging company will be well positioned to support current customers and new projects”, said Marlon Bailey, CEO of Stant. “We appreciate all of the support our customers, employees and suppliers have shown through this short Chapter 11 reorganization period. We also thank the many professional people and the Delaware Court for the support provided during Chapter 11. Stant will emerge from Chapter 11 with a capital structure that supports organic growth opportunities and position Stant to be a financially healthy and stable organization. All of us at Stant look forward to continuing to serve customers well and growing our business.”