Tiger Group and Can-Am Machinery will manage a dual-track sale process for machinery and equipment (M&E) from Total Fiber Recovery @ Chesapeake, a recently commissioned old corrugated containers (OCC) fiber-processing and recycled pulp production facility.
Tiger and Can-Am are currently accepting offers for the complete facility and major integrated systems while preparations continue for the Oct. 8 live webcast auction. Bidding in the live online TigerCast auction will open on Thurs., Oct. 1, at 10:30 a.m. (ET) and close on Thurs., Oct. 8, at 10:30 a.m. (ET) at SoldTiger.com.
The dual-track sale features pulping, screening, dewatering, drying, baling and packaging systems from Total Fiber Recovery’s 45,000-square-foot Chesapeake facility, which was outfitted to process 100% post-consumer recycled fiber and produce kraft-wrapped recycled pulp bales.
“We are seeing interest from strategic buyers considering the complete facility and major integrated systems, while we are simultaneously preparing for the Oct. 8 auction,” John Coelho, senior director of Tiger Commercial & Industrial, said. “This dual-track process gives buyers flexibility to pursue the assets on a turnkey, system or individual-equipment basis.”
Dan Nigrosh, president and founder of Can-Am Machinery, added, “This was a modern, 600-ton-per-day OCC pulping, screening and drying operation that was only beginning commercial production when funding challenges interrupted operations. The M&E available here is difficult to replicate without long lead times and a big capital investment. It’s a great opportunity.”
The facility includes equipment from industry-leading suppliers, including Kadant Black Clawson, Bellmer Kufferath and TSI. Highlights include a TSI rotary drum dryer system featuring a Hauck burner and Clarage induced-draft fan; Kadant pulping, screening and dewatering systems; baling and packaging equipment; plant utilities; electrical distribution infrastructure; and a substantial inventory of spare parts.
The Oct. 8 live webcast auction will be conducted by Wayne Hecht, senior director of operations for Tiger Commercial & Industrial.
