Taylor Corp. top bidder for Standard Register, documents reveal

Taylor Corp. was the top bidder at the bankruptcy auction for Standard Register Co. and could become the owner of the Dayton company if a federal judge agrees to the sale today, court documents reveal.

The Minnesota company agreed to bid $2 million more than the top bidder at the bankruptcy auction held in New York City on Monday, a committee of creditors claims in a document filed in U.S. Bankruptcy Court for the District of Delaware.

The total amount of the sale was not released. A hearing is scheduled at 10 a.m. today in the federal court where Judge Brendan Shannon is expected to make a ruling on the sale.

Taylor Corp., a similar company to Standard Register, has more than 80 companies in the United States, Canada, Mexico, Britain, France, India, China, Bulgaria and the Philippines. Based in North Mankato, Minn., the company has more than 9,000 employees.

Glen Taylor, the billionaire founder of Taylor Corp., also owns the NBA team Minnesota Timberwolves and the Minneapolis Star Tribune newspaper.