Blue Stuff Inc., the company that makes a cream designed to ease aches, has been sold. But apparently little has changed except the name of the controlling company.
Steve Brown, vice president of marketing, said the company is operating under the auspices of Blue Spring International, a limited liability company registered to the home address of former Blue Stuff president Debra McClung Murray. She is the daughter of Blue Stuff founder Jack McClung.
McClung, former Blue Stuff chairman, is not an owner or officer of the new company, but Blue Spring said McClung remains an advocate of the products he invented.
Murray has been named managing member of Blue Spring International and is a principal in the new company, Blue Spring said in a statement issued through Brown.
Blue Spring bought all of Blue Stuff's assets, and the company will continue to sell the same products using the Blue Stuff brand names. Blue Spring will move into Blue Stuff's offices at the Waterford complex in northwest Oklahoma City.
Most Blue Stuff employees were retained after the sale.
"Blue Spring expects to continue all former Blue Stuff operations without significant changes, the statement said. Last month, Blue Stuff said its creditor, IBC Bank, would sell its assets Oct. 1.
The company, in a statement issued through Brown, said it would surrender its assets to IBC Bank on Sept. 30 and stop doing business as Blue Stuff Inc.