APL, INC. v. Ohio Valley Aluminum, Inc.

HUDDLESTON, Judge.

APL, Inc., and its subsidiaries, appeal from a summary judgment finding APL liable on a guaranty of payment extended to Ohio Valley Aluminum, Inc. Because we agree that Ohio Valley was entitled to judgment as a matter of law, we affirm.

APL Corporation is a holding company that owns APL Shelter Products Corporation. APL Shelter Products owns ATEC Industries, Inc. (ATEC), which in turn owns ATEC South, Inc. (ASI). APL may therefore be considered the parent company of the other corporate defendants in this case.

Ohio Valley Aluminum, Inc. (OVACO), is a manufacturer of aluminum…