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Tiger Group, PPL to Conduct Bulk Asset Sale of Jewelry Distributor

March 13, 2015, 07:15 AM
Filed Under: Industry News

Tiger Group’s Remarketing Services Division and PPL Group are conducting a bulk sale of equipment and other assets from Lia Sophia’s Richmond Hill distribution center, and a turnkey sale of the direct-sale company’s Roselle headquarters and distribution center.

“These sales represent a unique buying opportunity for a wide range of warehousing and distribution operators in the Toronto area and in such nearby U.S. cities like Chicago and Grand Rapids, Mich.,” said John Coelho, Senior Vice President of Tiger Remarketing Services.  “Both facilities offer highly sophisticated, state-of-the-art equipment in excellent condition, with the Richmond Hill assets being just three years old.”

Built in 2012, the custom-designed Richmond Hill facility offers pallet rack, pick-to-light, flow rack, and conveyor systems; as well as material handling and other equipment. The 180,000-square-foot Roselle headquarters and fulfillment center, which was built-to-suit in 2006, includes receiving, inspection, packaging, distribution, packout/quality control, pick-to-light replenishment and shipping systems.

Key assets featured in at both facilities include like-new receiving, inspection, packaging, distribution, packout/quality control, pick-to-light replenishment- and shipping-systems. Wildeck mezzanine/guard rail/safety bollards are positioned throughout the facilities, which also feature hundreds of sections of Interlake and Speedrack pallet racking, and complete conveyor systems. Roselle also includes two A-frames serviced by 912 storage bays of Interlake pick modules.

Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients.

PPL Group is a private equity firm which uses its capital to help businesses in transition, primarily by monetizing commercial and industrial assets.

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