EquipNet is a market leader in surplus asset management and auction services. Established in 1999, the firm now conducts business in more than 170 countries and operates from 25 locations across the globe, providing services to businesses of all sizes and across multiple industry sectors. EquipNet is selling pharmaceutical production and packaging equipment, laboratory and utility equipment formerly of Teva. The sale features items by leading manufacturers including Agilent, Glatt, Korsch, Waters, Distek, Mediseal and Fitzpatrick. The assets come to the market following the closure of the Teva facility located in Forest, Virginia.
Global pharmaceutical company Teva was first established in 1901 and has since grown to operate 70 manufacturing facilities across the world. Teva has a portfolio of around 3,500 generic medicines and biopharmaceuticals supplied for use in 60 countries. The firm also undertakes research and development in speciality therapeutic areas including respiratory pain, migraine and oncology. Teva filed a warn notice for their Forest facility with the Virginia Employment Commission in October 2019, impacting on 220 jobs.
The online auction takes place on the 28th and 29th of July, with a select group of lots closing on each date. The assets can be inspected by appointment only and include: Bosch TLT-1400 blister packaging – cartoning line; Korsch XL 400 3C tablet press; Glatt GPCG Plus 120 fluid bed dryer; Patterson Kelley Co. 20 cuft cross blender; United Utensils Co Inc VT-55 tank; MediSeal CP500-RX hi speed blister packaging line; Waters Acquity UPLC system; Creative Design and Machine tote lift; Waters e2695 HPLC and more.
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