Liquidation of a High-Capacity Metal Stamping Facility Amid Ongoing Purchase Order Fulfillment Obligations
- Total liquidation of a large-production-capacity stamping facility that provided metal stamped and fabricated components and assemblies for a major furniture manufacturer
- On-site team had to perform setup for the auction while the company continued to execute purchase orders with large amounts of raw materials and inventory scattered throughout the multi-building campus
- Dedicated setup team ensured project execution was completed within strict time constraints dictated by real estate sale efforts
The liquidation of the Royal Development facility in High Point, North Carolina, presented several challenges for our on-site team. Although the company was shutting down this 185,000-sq. ft. facility it was also trying to fulfill remaining purchase orders. As a result, there was a large quantity of finished and raw material inventory spread throughout the buildings, which prolonged our efforts to prepare, organize, stage, photograph, and catalog all the assets for auction. Major pieces of machinery and equipment were surrounded by hundreds of bins of WIP (work-in-process) inventory that needed to be moved and/or scrapped.
This was, undoubtedly, a time-consuming undertaking to navigate during setup. However, our dedicated and steadfast onsite team worked unwaveringly to navigate these challenges under strict time constraints that were dictated by the simultaneous sale of the real estate. Despite these obstacles, Integra was able to complete the setup within six (6) weeks and fulfill our execution obligations within 120-days of signing the contract.