Daily News: July 2, 2013

Tiger Group to Auction Complete Water Bottling Plant

Tiger Group’s Remarketing Services Division announced it will be auctioning a complete bottling plant in Corona, CA previously operated by Bottled Water Media.

Scheduled for 10:30am PST on July 10, the live webcast auction on BidSpotter.com will offer the bankrupt company’s water purification, bottling and packaging line, as well as warehouse/material handling equipment and office furniture and equipment.

The bottling line and associated assets are being offered as a complete package, as well as individually. Bidders interested in operating the 61,000-square-foot plant as a going concern can also lease the facility at favorable rental terms.

A preview of the assets being auctioned will be held from 10:00 a.m. to 4:00pm on Monday and Tuesday, July 8 and 9, at the plant, which is located at 1160 S. Railroad Street, Corona.

“This is an ideal opportunity for companies that bottle water, energy drinks and flavored beverages to acquire a ‘like-new’ 600-bottle-per-minute PET bottling line,” said Jeff Tanenbaum, president of Tiger Group’s Remarketing Services Division. “According to former company sources, this line ran at limited volume and shifts, and it shows; the line is in immaculate condition. Whether interested in components or the entire system, bottlers interested in expanding or upgrading a system cannot go wrong with this equipment.”

For a full description of the assets and other auction details, visit: www.SoldTiger.com.

Bottled Water Media voluntarily filed for Chapter 11 bankruptcy protection in May 2012 in the California Central Bankruptcy Court. The sale is on behalf of the secured creditor, which was granted relief from the automatic stay, and is being conducted pursuant to Article 9 of the Uniform Commercial Code.

Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients.