Daily News: October 8, 2012

Tiger to Auction Regal Kitchen’s Assets

Tiger Remarketing Services is auctioning state-of-the-art machinery and equipment, along with an array of tools, vehicles, office furniture and other former assets of cabinet maker Regal Kitchens, in an online only sale at www.SoldTiger.com. Bidding is now underway and will close in rapid succession, live auction style, on October 17 beginning at 10:30 a.m. (EST).

“Regal Kitchens made kitchen cabinetry for half a century, and the scope and scale of its metro Miami manufacturing facility was significant, with an installation cost of an estimated $5 million,” noted Jeff Tanenbaum, president of Tiger Remarketing Services, which acquired Regal Kitchen’s assets following a foreclosure by PNC Bank. “The diverse assets available in this sale represent a great opportunity, not only for large-scale manufacturers with specific M&E requirements, but also for general contractors, construction companies, offices and other businesses.”

Tiger Remarketing Services and its affiliates at Tiger Group provide advisory, restructuring, valuation, disposition and auction services within a broad range of retail, wholesale and industrial sectors.