Daily News: September 22, 2015

Tiger Group Sets Auction For Assets of Textile Printing Company

By order of the assignee for the benefit of creditors, Tiger Capital Group’s Remarketing Services Division and North East Printing Machinery will conduct a live webcast auction on September 29 for high-speed sheet-fed presses, dye sublimation heat presses, screen printing equipment and various other production, materials handling, office and rolling stock assets that had been owned by garment industry supplier Avid Ink. The Corona, CA-based company specialized in sublimation printing, a technology that reproduces photo-quality images on fabrics.

For about two decades, Avid Ink was a world leader in designing, creating and transferring hyper-real photographic and other images to apparel. Launched in 1997, the company initially used its sublimation and transferring technology to put designs on snowboards for a local manufacturer, but soon shifted to serving apparel manufacturers. Avid’s designs were featured on clothing sold in retailers ranging from Target and Kohl’s to Macy’s and Neiman Marcus.

“This sale represents a tremendous opportunity for textile and garment manufacturers, commercial printers and small businesses of all types,” said Jeff Tanenbaum, President of Tiger Remarketing Services. “While the company’s primary focus was on heat transfer and silk screening for printed textiles, it also produced its own commercial print products and, therefore, had equipment suitable for printers, graphic artists, and small businesses.”