Equipment from Former Flexible Packaging and Printing Plant Hits Auction Block
-- Tiger Group and New Mill Capital to sell all equipment from global flexible packaging company's former St. Louis-area plant on March 8th and 9th via online auction; 260,000-square-foot plant on 30 acres also offered for sale or lease
HAZELWOOD, Mo., Feb. 22, 2017 /PRNewswire/ -- Tiger Group and New Mill Capital will conduct an online-only sale on March 8th and 9th for approximately 1,200 lots of flexo and roto packaging lines, slitters, forklifts and other equipment located at a global flexible packaging company's former printing and thin film label-making plant in Hazelwood that was no longer needed for the business's continuing operations. Separately, the two companies are also accepting purchase or lease offers for the 260,000-square-foot building on approximately 30 acres of land.
In late 2016, a joint venture of Tiger Group (www.tigergroup.com) and New Mill Capital Holdings (www.newmillcapital.com) acquired the former plant in Hazelwood, which was previously used for light manufacturing and distribution. Built in 1961 and expanded in 1975, the site is rail-served and strategically located near the Lambert-St. Louis International Airport, minutes from I-70, I-270 and I-170.
Online bidding for the equipment is now underway at www.bidspotter.com. Bidding for the first group of lots will close in rapid succession, live auction style, on March 8 at 10:00 a.m. (CST). Bids on the balance of the lots will close on March 9 at 10:00 a.m. (CST). All bidders are required to register prior to the sale at www.bidspotter.com. Previews of the assets being offered in the auction will be held at the Hazelwood facility on March 6 and 7 from 9:00 a.m. to 4:00 p.m. (CT), or by appointment by emailing [email protected].
"This auction represents a fantastic opportunity for flexible packaging companies and high-volume commercial printers to purchase rarely available equipment on the secondary market," said Jeff Tanenbaum, President of Tiger's Commercial & Industrial division.
Press equipment being offered includes two W&H Starflex 8-color, 64-inch central impression (CI) units, as new as 1995; a W&H Olympia 726 6-Color CI; a Ceruttii 8-Color Roto; and a PCMC 6138 6-Color.
Twelve slitters by names like Dusenberry, Kampf, Atlas, Cameron, Stanford and CZ will be available. Extruders up for bid include an Er-We-Pa tandem monolayer and an Egan single head. Two JM Heaford Ltd. proofing machines will also be available.
Plant support equipment offered for sale includes three Carrier Chillers, seven LPG and electric forklifts, an Ingersoll Rand 300-HP air compressor, a pallet wrapper, pallet racking, hoists, batteries, maintenance and other equipment.
Discussing the real estate offering, New Mill Capital Principal Tom Murray said: "The plant could work excellently for a variety of manufacturers, especially those in need of a rail-served site. The site is large and flexible enough to accommodate a variety of different industries, and the local workforce is very strong. In addition, an attractive municipal incentive package is available for employers at this site."
Facility highlights include 17 dock-high doors and a ground level door. The fully air-conditioned building also features 20-to-21-foot clear ceiling height and includes 24,700 square feet of office space.
For a full catalog of the items offered and details on how to schedule a site visit and bid, go to: www.newmillcapital.com or www.SoldTiger.com. For more information about the real estate, contact Tom Murray at 913-800-4339, or [email protected].
SOURCE New Mill Capital and Tiger Group
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