The client is a leading pulp and paper manufacturer with over 150 years of expertise in the field. The company focuses on specialty paper coating needs, thermal products, heat seal products and more. The client is widely recognized for its commitment to innovation and continuous development to ensure the ideal solutions for its markets.
This client reached out to us for assistance closing a large paper coating facility within a three month timeframe. The inventory consisted of approximately 1,000 assets, including four very large paper coating lines, as well as paper converting equipment, facility support equipment, and some chemical equipment. One of the primary challenges here was removing and uninstalling the coating lines – it would be a one month process alone to disarrange the equipment lines properly. With a deadline approaching in three months, EquipNet needed plan accordingly to sell the assets in time, while still generating capital return.
Our project management team acted fast to ensure proper clearance within the required deadline. EquipNet provided an onsite inventory of all the equipment and valued the assets properly through our Certified Appraisal service. The assets were listed onto EquipNet’s MarketPlace – the world’s largest online venue for pre-owned equipment, and a dedicated auction event was planned to sell the equipment as well. EquipNet’s Worldwide Logistics team was able to handle the rigging, removal, and transportation needs, and negotiated with the scrap and demolition vendors as needed. Additionally, EquipNet handled all of the invoicing and oversaw the payment needs.
EquipNet was able to sell all of the assets within the required clearance deadline. At the end of the project, the client benefitted from approximately $775,000 in sales.