Reich Brothers Partners with Rabin Worldwide for the Auction of Equipment and Redevelopment of the Oscar Mayer Facility in Madison, Wisconsin

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Nov 14, 2017, 09:07 ET

NEW YORK, SAN FRANCISCO and MADISON, Wis., Nov. 14, 2017 /PRNewswire/ -- Reich Brothers is pleased to announce a partnership with Rabin Worldwide for the redevelopment of the recently purchased Oscar Mayer site in Madison, Wisconsin and a three-day auction of the processing and packaging equipment. Rabin brings deep industrial real estate and equipment expertise to the team, with over 50 years in the business.

A signature property in the community for more than 100 years, the former Oscar Mayer site will be re-purposed to attract new businesses and stimulate the east side of Madison’s economy.

Rabin and Reich will sell the entire contents of the Madison facility at a live and online public auction onsite on December 6-8, 2017, with an inspection period available on December 4 and 5.

"It will be an opportunity to buy high-quality equipment once used by the best in the business," said Richard Reese, President and CEO of Rabin. "The legacy of the Oscar Mayer name, combined with the enormous offering of equipment in this vast facility, make this a unique sales event."

The auction will be held both on site at the former Oscar Mayer plant, and online at www.rabin.com and www.reichbros.com. It will feature eight floors of processing and packaging equipment, consisting of meat grinders, meat slicers, smokehouses, refrigeration systems and much more.

"This auction event is the first of many steps in the long-term vision for the site and will prepare the site for reuse," said Adam Reich, Co-CEO of Reich Brothers.

Both Rabin and Reich have been involved in the redevelopment and reuse of tens of millions of square feet of industrial real estate. They have extensive experience in the purchase and sale of food manufacturing plants, as well as expertise in redeveloping large manufacturing sites.

"Our partnership is dedicated to repurposing the existing assets and attracting quality businesses," says Rabin COO, Shira Weissman. "We look forward to creating a site with a diverse tenant base and we envision this site becoming a cornerstone for the eastside Madison community."

One of Madison's mainstay businesses for nearly a century, Oscar Mayer has been at the location since 1919. The property has been the company's headquarters since 1957 and was the epicenter for new product development. Kraft Heinz announced the closure in 2015, and officially ceased production this summer.

The renowned former Oscar Mayer campus in Madison features 1.7 million square feet under roof on a 72-acre site. The plan is to redevelop the campus, including repurposing several existing buildings, with a balanced mix of light manufacturing, warehouse, distribution and office.

The auction can be viewed at www.rabin.com and at www.reichbros.com.

About Reich Brothers Holdings, LLC
Reich Brothers Holdings, LLC specializes in acquiring turnkey manufacturing plants and provides for the bulk purchase of equipment packages and monetization through the auction sale process. Reich also has a lending division, which provides term loans and sale-leasebacks; and a decommissioning division. Reich Brothers is partnered with Victory Park Capital, a privately held registered investment advisor dedicated to alternative investing in middle market companies across a diversified range of industries. Visit www.reichbros.com.

About Rabin Worldwide, Inc.
Rabin Worldwide is an international industrial equipment and real estate company. With over 50 years of experience in nearly every industrial sector, Rabin's business provides a host of solutions for companies including auctions, liquidations, real estate acquisitions, and turn-key sales. In addition, Rabin specializes in the redevelopment of complete facilities and has successfully repositioned millions of square feet of industrial and commercials space nationwide. Visit www.rabin.com.

SOURCE Rabin Worldwide