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
Best in class factory utilities, food processing equipment and packaging lines.
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.
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.