Investor Group to Auction Flexible Packaging Equipment, Virginia Facility on May 4
New Mill Capital and Tiger Capital Group will conduct a live webcast auction on May 4 for four flexible packaging printing lines, converting equipment and other assets of a major flexible packaging, printing and tamper-evident label manufacturing facility in Fredericksburg, Virginia. Assets being sold include late model slitters, sleeve equipment, seamers, core cutters, inspection/rewind, digital imaging, maintenance and plant support equipment.
The investor group acquired the former Printpack facility on February 12 for an undisclosed price.
The plant previously manufactured labels, sleeves and tamper-evident banding for a variety of industries. It was recently purchased, with all equipment in place, by a joint venture of New Mill and Tiger. The real estate associated with it is being offered for sale or lease by the two companies in cooperation with managing broker Cushman & Wakefield-Thalhimer. The 92,000-square-foot building, which sits on 8.76-acres, is suitable for a variety of industrial or warehouse uses. Convenient to Washington, D.C. and Richmond, Virginia, the site is located just off Route 17, near I-95 and close to EZF regional airport.
The auction for the equipment assets will be conducted live on site as well as webcast. Live bidding will take place at the facility, 3551 Lee Hill Drive, Fredericksburg, beginning at 11 a.m. (ET) on May 4. Those intending to bid online via webcast during the auction are required to register at www.bidspotter.com.
Previews of the assets being offered in the auction will be held May 2 and 3, from 9 a.m. to 4 p.m. (ET), or earlier by appointment at the plant.
"Any company producing flexible printed packaging, labeling, or tamper-evident film products would be interested in this opportunity to purchase this facility's assets," says Jeff Tanenbaum, president of Tiger's commercial and industrial division. "This sale will also be appealing to other businesses that need plant support machinery and equipment."
Features of the fully-air conditioned building include a manufacturing/distribution area with 22-foot clear ceiling height and seven loading docks; 13,000 square feet of office space with 20 individual offices; three-phase power; and a new roof in 2009 that's still under warranty. Outside, there's parking for 65 cars.
Printing presses, converting and other associated assets up for bid include a 1999 W&H AstraFlex 10/C flexible packaging CI printing press, three PCMC Vision 8-color flexible packaging printing presses, 2010 Catbridge 344-24 slitter rewinders, two 2009 Karlville K5 seamers, and two 2008 Karlville C1 servo controlled cut 300 cutting machines. Additional rewinders, seamers and core cutting machines are also available.
For more information about the real estate, contact Virgil Nelson of Cushman & Wakefield-Thalhimer at (540) 322-4150, or firstname.lastname@example.org.