LAKEVIEW, Calif., Oct. 27, 2014 (GLOBE NEWSWIRE) -- Hilco Industrial and Redstone Moore recently acquired the assets no longer required by ABG (Access Business Group, LLC) located at ABG's nutraceutical manufacturing facility in Lakeview, CA. ABG manufactures products for NUTRILITE™, the world's leading brand of vitamin, mineral and dietary supplements.
The closure of this facility offers a unique opportunity for manufacturers in the pharmaceutical, nutraceutical, contract pharma, food, and chemical processing industries to purchase best-in-brand processing machinery. Hilco Industrial and Redstone Moore are currently conducting a sealed bid sale of the major processing systems and components. Featured items include: Glatt fluid bed dryer/granulators, Niro spray dryers, Littleford blenders, Luwa and API Basco thin film evaporators, as well as bulk bag unload/fill systems, stainless steel tanks, pumps, and screens.
Thermal and catalytic oxidizers, boilers, air handling systems, and dust collectors comprise some of the facility support equipment. In addition, pomegranate and alfalfa crops are available for manufacturing, and palm trees, aloe plants and other vegetation are available for landscaping. These assets will be sold in future auction and liquidation sales through the end of this year and during the first half of 2015.
Full details of the sale, including bidding instructions, can be found at https://www.hilcoind.com/nutrilite.
NUTRILITE™ was founded in 1934 and offers a complete range of supplements and other products designed to address the nutritional needs of anyone at any life stage. The company has established itself as a leader in nutrition research, development and innovation. It operates manufacturing facilities and farms in California, Washington, Mexico and Brazil.
About Hilco Global: Hilco Industrial LLC (https://www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination "webcast" auction sale events as well as negotiated (private treaty) sales. Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. It also provides asset disposition services on a fee or commission basis. Hilco Industrial is part of Hilco Global (http://www.hilcoglobal.com ), the world's leading authority on helping companies maximize the value of their assets delivering a complete suite of asset valuation, monetization and advisory services.
About Redstone Moore Co.: Redstone Moore Co. (http://www.redstonemoore.com) was founded on the premise that our partners could bring unique value to Private Treaty or negotiated asset sales. These assets include process equipment, industrial facilities and divisions of larger companies. We have the ability to analyze and value production facilities and equipment as candidates for relocation, liquidation recovery and other forms of ongoing business value. Our partners focus on finding the buyers of these assets, whether they are located in different regions or altogether different industries. Redstone Moore is uniquely positioned to bring together buyers and sellers in extremely customized transactions. We work on the sale side with sellers of surplus plants and process equipment. We also work on the buy side with private equity portfolio companies and strategic organizations that are looking to add capacity or execute bolt on acquisitions. Redstone Moore partners also have substantial experience in dismantling, packaging and shipping process plants both domestically and internationally.
Hilco and Redstone Moore to Conduct Private Treaty Sale of Complete Nutraceutical Manufacturing Facility and Agricultural Research Farm
| Source: Hilco Global