ARC Welding Supply, Co. Inc. v. American Welding & Gas, Inc.

Rovner, Circuit Judge.

This case arises from an Asset Purchase Agreement (the "Agreement") entered into in October 2014 between the plaintiffs, ARC Welding Supply Co. and its owner Charles McCormick (collectively "ARC"), and the defendant American Welding & Gas, Inc. ("American"). ARC was a distributor of compressed gases and welding supplies in Vincennes, Indiana, and sold substantially all of its assets to American including its stock of asset cylinders. ARC filed a complaint alleging that American breached the terms of the Agreement for the purchase of the asset cylinders, and American…