HOME

/

/

/

Draka Polymer

BACKGROUND :

Draka Polymer Films was a manufacturer of technical polymer films. Draka went into bankruptcy in the spring of 2019.

TYPE OF SALE :

– Private Treaty Sale of the entire
Manufacturing Facility
– Online Auction Sale of surplus equipment

EQUIPMENT :

– 5 Calendering Lines: 2 Laminating Lines;
– 2 Printing & Engraving Lines
– Slitting and Cutting Lines; Recycling Dept
– R&D Dept. Laboratory etc.

INVENTORY

Raw Materials, Work-in-Progress, Semi Finished Goods and all unsold Finished Products.

INTELECTUAL PRODUCTS

The Tradename Draka Polymer Films, Peacock Logo Collection, Domain Names, Designs and Formula’s.

TRANSACTION :

The Trustees were in a hurry to sell the assets, Buyers had only one week to inspect, offer and complete a Sales Contract and pay for all Assets. Hilco offered the best price and was one of the few able to execute so quickly.

HIGHLIGHT :

Immediately after purchasing the assets, Hilco prepared multi assets marketing campaigns to sell the inventory and find buyers for the other assets. After 6 months we negotiated a sale for the complete manufacturing process and IP to an UK company for use in their UAE Factory.

CONCLUSION :

It took us another 4 months with a crew of 20 mechanics and electricians to dismantle, load and remove all equipment into over 100 containers and hand-over the vacant buildings to the landlord.