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Bottling Facility Retains Heritage Equity Partners to Pursue Asset Sale

February 03, 2015, 07:11 AM
Filed Under: Industry News

A Burlington, WA bottling facility, formerly operated by Advanced Refreshment, has retained Heritage Equity Partners to seek a buyer for the state-of-the-art four line, spring, distilled, purified, flavored, and enhanced bottled water processing facility.  All four lines are either equipped or able to be equipped with blow-molders for in-line bottle making. Although the plant is currently shut down, the current production set up could generate a weekly yield of 15,624,000 bottles, or 651,000 cases, during a 7-day workweek. With everything adjusted to a 24 pack equivalent, Line 1 runs at 400bpm, Line 2 at 500 bpm, Line 3 at 600bpm, and Line 4 is a 1-gallon line running at 50 bpm.

The facility consists of separate manufacturing and warehouse/distribution buildings, which is located within 1 mile of 1-5 in Burlington.  The manufacturing building is 65,000 sq. ft. on 2.91 acres, while the warehouse/distribution building is 203,207 sq. ft. on 9.36 acres.  The equipment in these facilities include Pressco Vision Inspection Systems; Krones Blow Molders; ADS, SA Three Cavity Blow Molder; Krones Volumetric Fillers, Cappers, Labelers; Bottle Canning International Filler; and Domino Amjet Palletizers.

Hank Waida, a Managing Director at HEP, says that “This is a unique opportunity to acquire manufacturing/filling capacity in a turnkey facility, and or warehouse space, in the Pacific Northwest, in close proximity to the main highway leading 75 miles north to Vancouver, BC and 65 miles south to Seattle, WA.” 

Heritage Equity Partners, formerly “Equity Partners”, based in Easton, MD, provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.

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