A manufacturer of glue products required asset disposition support following the closure of one of its production sites. The facility was equipped with a wide range of chemical processing equipment, including glass-lined reactors, vertical tanks, powder mills, double cone blenders, pilot plant reactors, horizontal filter dryers, powder sieves, and a large quantity of storage tanks. In addition to production machinery, the site included all necessary support utilities such as compressors, boilers, and water treatment systems.

This project was the result of an insolvency situation and the entire facility had been purchased by a third party for €750,000. However, the new owner lacked experience in selling specialized chemical processing equipment leading to a contract with EquipNet to manage the sale of approximately 75 chemical assets from the site. A strict deadline was in place: all assets needed to be removed from the site by the end of Q4 2015. In addition to the deadline, the facility presented another unique challenge as it was unmanned and required 24-hour security for seven days a week throughout the project duration mounting additional costs that the client wanted to prevent.

EquipNet attended the site to create a comprehensive chemical asset catalogue and focused on MarketPlace sales while the new owner ran an online auction separately, targeting primarily R&D assets and items that had not sold via MarketPlace. EquipNet team used its worldwide network to locate buyers that would have an interest in the equipment.

EquipNet successfully met the client’s needs within the required timeframe. The total project sales amounted to approximately €2 million—around €800,000 generated through MarketPlace sales and an estimated €1.2 million through the online auction managed by the new owner. The collaboration proved effective in managing a complex insolvency-related asset sale under tight deadlines and unique situional requirements.