Operational Consolidation Required Liquidation of Surplus Plastic Injection Molding Assets

Key Points
  • Managed sale setup and asset removal while navigating the company’s winddown and transfer of select contract work and machinery to a sister facility in Mississippi
  • Contractual sale term dictated by lease termination obligations including time to time complete work to return building to landlord’s acceptable standard
  • Removal of equipment post-auction was completed within 4 weeks
367
Registrants
793
Lots
2
Auction
Days
90
Day
Execution
11
Countries

Anderson Technologies, a contract plastic injection molding company, engaged Integra to assist with their consolidation efforts. The company closed its Grand Haven, Michigan facility while continuing operations at its Batesville, Mississippi plant. This move included the relocation of several machines to support the work that was transferred to the Mississippi location. Our on-site team was able to prepare, organize, and catalog all machinery and equipment for auction, as well as coordinate the removal of all purchased assets.  It was critical that the removal be done in timely and orderly manner, as the company was under a strict deadline to vacate, while allowing enough time to return the building back to the terms of the lease.