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Tiger Group to Conduct Bankruptcy Sale of Food Production Equipment on Dec. 12

byIan Koplin
November 30, 2023
in News

Tiger Group will conduct an online auction of food production, processing and packaging equipment on Dec. 12. The auction is part of a court-ordered bankruptcy sale featuring assets from Lemnature AquaFarms’ multimillion-dollar production and R&D plants in Vero Beach, FL, and Fellsmere, FL. The regenerative agriculture company produced plant-based ingredients for the food, beverage and nutrition markets.

The timed, online auction will close on Dec. 12, at 10 a.m. EST. Bidding will open on Dec. 5 at SoldTiger.com.

“Lemnature’s operations spanned more than 900 acres across the two Florida sites,” Chad Farrell, managing director of Tiger Commercial & Industrial, said. “Its main plant was built quite recently — in 2021 — and a significant amount of the equipment available in this sale is in unused or like-new condition. The company spent over $14 million to build the plants.”

The assets in the sale will include large stainless-steel tanks, separators, centrifuges, water-filtering and processing units, and lab equipment.

“It’s part of what makes this sale such a strong opportunity for expanding companies in the food production, processing and packaging sectors,” Farrell said.

Additional highlights of the sale will include:

  • Homogenizers, grinders, polishers, slicers, mills, separators, centrifuges, wash basis, skids, conveyers, drying plants, heat exchangers and other processing equipment (including pieces by Bertoli and Urschel)
  • _x000D_

  • Three complete packaging lines
  • _x000D_

  • Stainless-steel and poly tanks (holding, feed and transfer tanks from 50 to 3000 gallons in capacity)
  • _x000D_

  • Harvesting equipment (shakers, blanchers, separators, conveyers, motorized paddle wheels, unused pond liners and pumps)
  • _x000D_

  • Multiple labs with equipment such as centrifuges, scales, agitators, spectrophotometers, autoclaves, vacuum controllers, ovens, microscopes, stirrers, pipettes and glassware
  • _x000D_

  • Fertilizer inventory, maintenance shops, material-handling equipment, rolling stock and office furniture and equipment.
  • _x000D_

  • Intellectual property of the company
  • _x000D_

Inspections are available on Dec. 11, at both the Vero Beach and Fellsmere locations.

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