LODI, Calif.–(BUSINESS WIRE)–A Joint Venture of New Mill Capital Holdings of New York (www.newmillcapital.com) and Schneider Industries of St. Louis, MO (www.schneiderind.com) will conduct a massive equipment auction sale at the former General Mills Lodi, CA facility, which produced a number of cereal and cake mix products. The 1,200,000 square foot facility was purchased by RRM Enterprises, an investment group that owns Bond Manufacturing Inc., an Antioch, CA based outdoor living consumer product manufacturing company. The Lodi, CA facility was sold with cereal and cake mix production, packaging and support equipment in place. Bond will use the Lodi plant as a main distribution center for light manufacturing and product assembly. The equipment auction will be held over five days in late June in order to sell all of the food processing, packaging and support equipment no longer in use. An onsite & webcast auction for all processing and packaging assets is scheduled for June 22nd & 23rd, followed by online auctions closing June 27th, 28th & 29th for all of the maintenance equipment, spare parts, facilities equipment and material handling.
“This is an extremely large equipment sale,” said Eric Weiler, Principal of New Mill Capital Holdings. “The sheer volume of equipment at this facility combined with depth and variety of assets will likely make this sale the largest auction of its type in 2016.”
The plant is located at 2000 West Turner Road, Lodi CA 95242.
The auction sale will feature dyers, vertical form fill and seal machines, packaging scales, powder processing, blending & batch systems, processing vessels, mills, sifters, metal detectors, check weighers, metering, cyclones, secondary packaging, metalworking, maintenance equipment, material handling, spare parts, a co-gen plant, compressors, boilers, chillers, generators, electrics, a complete fitness center and all plant support equipment.
“This auction is a fantastic opportunity for food processing and packaging companies as well as manufacturers outside of the food space to acquire quality equipment across a wide variety of categories,” said Dan Rosenthal, COO of Schneider Industries. “With over 7,000 items in this sale, we look forward to a large turnout and a successful auction which will enable Bond to further utilize the balance of the building currently occupied by the equipment.”
ABOUT NEW MILL CAPITAL HOLDINGS
New Mill Capital Holdings provides “comprehensive asset solutions for the industrial marketplace”. Primary services include acquisitions of closed industrial plants and value-added equipment monetization via webcast & online auctions. NMC specializes in conducting auctions and/or liquidations for a variety of industries ranging from food processing and packaging to metalworking, yellow iron, personal care, pharmaceutical and semiconductor. NMC has acquired over 10,000,000 square feet of manufacturing facilities since 2011.
*Original article can be found at Business Wire