BACKGROUND :
As part of Unilever’s restructuring of its foods division’s manufacturing operations, Hilco purchased the complete fleet machinery to fabricate dressings at Goiania in Brazil.
TYPE OF SALE :
– Online Auction Sales- Private Treaty Sales for some of the lines
EQUIPMENT :
Best in class factory utilities, food processing equipment and packaging lines.
TRANSACTION :
Outright purchase
HIGHLIGHT :
One of this project’s main challenges was that the factory was inside a large industrial campus owned by a third party, which means that all equipment needed to be removed within a tight schedule and under very demanding H&S standards without compromising the buildings and the site itself.
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, sales around the Latin America region, 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.
