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
– Online Auction Sale of surplus equipment
– 5 Calendering Lines: 2 Laminating Lines;
– 2 Printing & Engraving Lines
– Slitting and Cutting Lines; Recycling Dept
– R&D Dept. Laboratory etc.
Raw Materials, Work-in-Progress, Semi Finished Goods and all unsold Finished Products.
The Tradename Draka Polymer Films, Peacock Logo Collection, Domain Names, Designs and Formula’s.
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.
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.
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.