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.
