On May 16, Tiger Group will host an online auction featuring 2,120 kraft linerboard paper rolls formerly owned by a global broker and distributor of pulp and paper products.
“It is rare for this much high-quality kraft linerboard — about 3,700 metric tons in all — to become available on the secondary market,” Chad Farrell, a managing director at Tiger Group, said. “That makes this court-ordered bankruptcy sale an excellent opportunity for packaging-industry brokers, distributors and manufacturers both domestically and internationally.”
Lots in the timed online auction will begin closing on May 16 at 10 a.m. (CT). Bidding will open on May 9 at soldtiger.com.
Tiger is auctioning the kraft linerboard paper rolls as part of the Chapter 7 bankruptcy process for Barnett, a global broker and distributor of pulp and paper products. The Cedarhurst, NY-based company filed for Chapter 7 bankruptcy liquidation this past December in the U.S. Bankruptcy Court for the Eastern District of New York (Central Islip).
The majority of the inventory is from the Packaging Corporation of America (PCA) mill. The paper rolls are stored in specialized, third-party warehouses in Georgia, Louisiana and Florida, as well as Quebec.
“They are ready for shipping by truck and rail from the third-party warehouses and for export internationally as needed,” Farrell said.
