A live webcast auction on June 26 features the Phoenix plant of manufacturer Zummit Plastics. The sale of the closed, 85,000-square-foot manufacturing facility, which is filled with late-model equipment in good condition, is available to both turnkey buyers and those interested in acquiring assets individually. Tiger Group and HyperAMS are hosting the sale by order of secured creditors.
Pre-bidding is available now. The live webcast auction will begin at 10 a.m. (PT) on Wednesday, June 26.
Two bidding platforms are available: https://soldtiger.com/sales/late-model-stretch-film-manufacturing-facility-complete-plant-closure/ and https://www.hyperams.com/zummitplastics.
“Zummit Plastics launched in 2018 and served the entire United States from the Phoenix facility, also purchasing a Georgia facility as part of an expansion plan, prior to filing for Chapter 7 bankruptcy this past February,” John Coelho, senior director of Tiger Commercial & Industrial, said. “The late-model, high-utility equipment available in this sale represents a strong opportunity for expanding companies in the packaging industry.”
“As noted by Packaging World, Zummit produced high-end machine, hand and pre-stretch films, using a proprietary additive for its biodegradable products,” Steve Kleba, director of auction services for HyperAMS, said. “The company spent about $30 million to retrofit a former warehouse space to create its film production operations, investing in some highly desirable, late-model equipment.”
Highlights of the live webcast auction include:
- 2022 Colines ALL roll EX 3000
- (2) 2017 SML W3000 stretch film lines
- (4) Unitech T012 automatic rewinders
- Erema Intarema 1108T pelletizing line
- YE I Machinery pelletizing line
- (7) 2017 CST storage silos
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Additional assets in the sale include regrind units, chillers, Conair crystallizers, an REI-ZR guillotine shear, as well as compressors, forklifts, a large quantity of finished goods, plastic scrap and raw goods.
For asset photos, descriptions, and other information, visit: https://soldtiger.com/sales/late-model-stretch-film-manufacturing-facility-complete-plant-closure/ or https://www.hyperams.com/zummitplastics.
Inspections are available on Tuesday, June 25, at the Phoenix facility. Contact Steve Kleba at 815-451-3451 to schedule an appointment.
