BACKGROUND :
AZZURO was formerly active producing wafers for the LED and Power Semiconductor applications, from 2 to 8 inch. Only 2,5 years after Azzurro started full production as a R&D Facility, the company entered into Bankruptcy.
TYPE OF SALE :
– Private Treaty Sales
EQUIPMENT :
TRANSACTION :
Only 2,5 years after Azzurro started full production as, the company entered into Bankruptcy. When no investors could be found to continue the operations, Hilco purchased the Assets from the receivers (trustees). HIGHLIGHT : Within one month after take over we were able to sell the assets in its entirety. We had potential buyers from Malaysia, China and the UK. However the UK Buyers was able to proceed immediately.
CONCLUSION :
The UK Buyer, with our help, relocated all assets from Site to their location in Wales. Removal was completed within 3 months and the Bankruptcy Estate was very satisfied with our professional execution of this project.
