Asset disposition and auction specialist New Mill Capital has expertise in buying and selling surplus manufacturing equipment and real estate across a broad range of industries, including processing, packaging, food and beverage and general manufacturing. The firm also holds more than 15 million square feet of idle turnkey manufacturing plant across the United States. This June, New Mill Capital will sell assets from confectionery and snack packager and distributor First Source. The sale takes place in conjunction with Gordon Brothers Commercial and Industrial.
First Source is the largest manufacturer, packager and distributor of nuts, candy and speciality foods in the United States. In addition to major brands, First Source also works with retailers to manufacture private label goods.
The online auction opens on the 21st of May and bidding closes on the 28th of May. The assets are located across four locations: Tonawanda, New York, Pico Rivera, California, Lebanon, Tennessee and Toano, Virginia. Items featured in the sale may be inspected by appointment only and include:
Hayssen and Ilapak vertical form fill and seal machines (20); PSG Lee pre-formed rotary zipper pouch filling line; AST rotary cup filling lines; Altamat VFFS with paper label sealer; Bel 252 and 505 semi-auto erector sealers (20); Ishida and Ilapak scales; checkweighers; metal detectors; 2013 Combi case erectors; Blommer chocolate melters; enrobing, tempering and depositing equipment; cooling tunnels; pressure sensitive labelling; Videojet inkjet coders (2012 – 2018); vibratory conveyors; forklifts and electric pallet jacks; Lantech stretch wrappers (10); pallet racking; late model air compressors; maintenance shop and plant support equipment.