Lambert Smith Hampton is selling cast film extrusion lines and pouch production lines from ML2024 Limited (formerly Milspeed Limited). The assets come to the market by order of the joint administrators of the firm. ML2024 Limited (formerly Milspeed Limited) specialises in extrusion coating and converting for apparel, footwear, and specialist film applications. The online auction closes on the 13th of March.
Equipment available in the sale includes: Davis-Standard cast film extrusion line (installed 2000, recent upgrade of certain parts of £250k, new cost today around £6m to £7m, available as a whole or as individual components); SR Double R Controls pouch production line, triple unwind stations; Elite Cameron CW600 automatic slitting machine (2001); 3 inline raw material pre-treatment unit; laboratory equipment, warehouse equipment and much more.
The assets are located in Banbury, UK and can be viewed on the 12th of March.
London based Lambert Smith Hampton provides a broad range of services to industrial clients including valuations and asset disposal, asset-based lending, closure programmes, business sales and corporate recovery. The firm advises private clients and corporate recovery professionals on asset disposal across 40 industry sectors.