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Tiger Group to Hold Online Bankruptcy Auction for Food Production, Processing and Packaging Equipment

November 30, 2023, 07:04 AM
Filed Under: Auction News
Related: Auctions, Tiger Group

Food production, processing and packaging companies can grow their operations by acquiring new and like-new equipment in a Dec. 12 online auction by Tiger Group.
 
The court-ordered bankruptcy sale features assets from Lemnature AquaFarms’ multimillion-dollar production and R&D plants in Vero Beach and Fellsmere. The regenerative agriculture company produced plant-based ingredients for the food, beverage and nutrition markets.
 
The timed, online auction closes on Tues., Dec. 12, at 10 a.m. (EST). Bidding opens on Tues., Dec. 5, at SoldTiger.com.
 
“Lemnature’s operations spanned more than 900 acres across the two Florida sites,” noted Chad Farrell, Managing Director, Tiger Commercial & Industrial. “Its main plant was built quite recently—in 2021—and a significant amount of the equipment available in this sale is in unused or like-new condition. The company spent over $14 million to build the plants.”
 
Those assets include large stainless-steel tanks, separators, centrifuges, water-filtering and processing units and lab equipment that would be inordinately expensive to acquire brand-new from a manufacturer, Farrell noted. “It’s part of what makes this sale such a strong opportunity for expanding companies in the food production, processing and packaging sectors,” he said.
 
For asset photos, descriptions, and other information, click here.





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