BACKGROUND :
As part of Unilever’s restructuring of its household products division’s manufacturing operations, Hilco purchased the complete fleet machinery to fabricate powder detergents in Santiago, Chile.
TYPE OF SALE :
– Online Auction Sales
– Private Treaty Sales for some of the lines
EQUIPMENT :
Best in class factory utilities, powder manufacturing processing equipment, and packaging lines.
TRANSACTION :
????HIGHLIGHT :
The biggest challenge at this site was the repurposing of the land and the need to clear it of industrial structures; a large-scale demolition process was needed to comply with the requirements the former owner.
CONCLUSION :
Hilco’s operations team was able to comply with all requirements by executing an extensive private treaty sales effort that brought, as a result, worldwide sales, local auctions in partnership with local auctioneers, and a final clean-up of the site by hiring local scrapping companies.
By working with Hilco, the former factory owner was able to perform a positive cash flow project in which was able to make a financial recovery and reduce to almost nothing the financial and operational risk associated with a site closure.