Daily News: January 8, 2016

Tiger Group to Sell Assets of CalStar Manufacturing Facility


By order of the secured lender, Tiger Capital Group’s Remarketing Services division, in cooperation with Silicon Valley Disposition, will conduct an online auction for Calstar Products’ complete brick block and paver manufacturing facility in Columbus, MS.

The sale — which follows New York-based Tiger’s successful online auction of equipment and other assets from CalStar’s manufacturing facility in Racine, WI will include state-of-the-art manufacturing equipment, molds, plant support and spare parts — all 2010 and newer — with a replacement cost value of more than $6.5 million, in addition to more than 1 million units of new product.

Office furniture and furnishings, and other assets, including intellectual property, will also be up for bid. The assets from the defunct company, which billed itself as America’s only manufacturer of sustainable brick and masonry products, are being offered for sale as a complete turnkey package with favorable lease terms, but bidders can also acquire items on an individual basis.