As part of Unilever’s restructuring of its household products division’s manufacturing operations, Hilco purchased the complete fleet machinery to fabricate powder detergents in Santiago, Chile.
TYPE OF SALE :
– Online Auction Sales
– Private Treaty Sales for some of the lines
Best in class factory utilities, powder manufacturing processing equipment, and packaging lines.
The biggest challenge at this site was the repurposing of the land and the need to clear it of industrial structures; a large-scale demolition process was needed to comply with the requirements the former owner.
Hilco’s operations team was able to comply with all requirements by executing an extensive private treaty sales effort that brought, as a result, worldwide sales, 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.