Nitrocrete sells substantially all assets in bankruptcy deal

FORT COLLINS — Nitrocrete LLC, a company that developed techniques to control concrete temperatures with liquid nitrogen, has sold most of its assets to an affiliate of Magnolia,Texas-based Cryogenic Industrial Solutions LLC for $6.5 million.

Nitrocrete filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Denver, Nov. 18, 2021, citing disruptions from the pandemic negatively affecting its seasonal business model. Nitrocrete and its affiliates held liabilities ranging from about $7 million to about $13 million, with a shared liability of $7.2 million owed to Zions Bancorporation N.A.

The company in December filed a motion seeking to sell its assets…