Pharmaceutical Plant

13th June 2023 – Sale of Pharmaceutical Plant Assets

Federal Equipment Company is selling assets from a pharmaceutical plant operated by Nuvo Pharmaceuticals. The assets come to the market following plant closure. The auction takes place in conjunction with Proxio Group.

Canadian healthcare company Nuvo Pharmaceuticals rebranded to do business under the name Miravo Healthcare in 2021. The firm works in a number of therapeutic areas including allergy, pain and dermatology. Nuvo Pharmaceuticals is headquartered in Mississauga, Ontario, has international operations based in Dublin, Ireland and operates manufacturing facilities in Varennes, Québec.

The online auction will be held between the 9th and 13th of June. Equipment featured in the sale includes: complete Marchesini sachet line, Marchesini sachet filler, Marchesini cartoner, Filmatic filling machine, Omega bottle unscrambler, IWKA tube filler, Agilent 1200 Series HPLC systems, Solinox stainless steel pressure vessel/tank, Loma checkweigher CW3-400UL, 3300 liter stainless steel tank, stainless steel tables and racking, Linberg Blue vacuum oven, reactive chemical lot, assorted laboratory glassware and more. The assets are located in Varennes, Québec and can be inspected by appointment with the auctioneer only.

Federal Equipment Company was first established in 1957. Based in Cleveland, Ohio, the firm specialises in industrial equipment auction, liquidation and investment recovery programs. Federal Equipment Company buys and sells equipment used across a wide range of process industries, including the pharmaceutical, food, chemical, packaging, rubber and plastics sectors, and stocks equipment across 275 distinct categories.

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