Online Marketplace AllSurplus Partners with Aaron Industrial Solutions and Binswanger to Sell Turnkey Medical Device Manufacturing Plant
Liquidity Services (NASDAQ: LQDT) has partnered with Aaron Industrial Solutions and Binswanger to offer a 338,000 sq. ft. biopharmaceutical manufacturing plant in Portland, Tennessee for sale. This facility, originally built in 1993 and renovated between 2021-2022, includes state-of-the-art equipment for producing medical devices and testing kits. Available for turnkey operation, bulk purchase, or piecemeal liquidation, the plant includes modern packaging lines. This unique opportunity aims to support rapid production startup for buyers.
- Partnering with Aaron Industrial Solutions and Binswanger enhances market reach and sales potential for LQDT.
- Facility and equipment in pristine condition, modernized as recently as 2022.
- Turnkey operation option appeals to companies needing quick startup capability.
- State-of-the-art equipment can attract high-value buyers interested in advanced manufacturing capabilities.
- Potential risk of not finding a single buyer for the turnkey operation, leading to piecemeal liquidation.
- Selling specialized medical device manufacturing equipment may limit the buyer pool.
- Ongoing maintenance costs of the facility until a sale is finalized.
- Uncertainty in the market demand for such specialized manufacturing plants post-COVID.
Insights
The sale of a turnkey medical device manufacturing plant by Liquidity Services, in collaboration with Aaron Industrial Solutions and Binswanger, presents a noteworthy opportunity for companies seeking to enhance or expand their manufacturing capabilities. The facility's modern equipment and recent renovations underscore its value, especially in a sector where equipment upgrade costs can be substantial. From a financial perspective, this sale can potentially bring significant cash inflow for Liquidity Services, positively impacting their liquidity and possibly their stock performance in the short term. However, the ultimate financial impact will heavily depend on the sale price achieved and the speed of the sales process.
The availability of the facility as a turnkey operation reduces setup time and costs for the buyer, which is a substantial benefit. Moreover, the fact that it was used to produce COVID-19 testing kits suggests that it meets stringent regulatory standards, which can be a selling point for potential buyers.
For investors, this transaction could enhance Liquidity Services' financial health and show their capability to manage and monetize large-scale assets effectively.
From a market perspective, the sale of this facility might indicate a strategic shift for Puritan Medical Products, potentially reallocating resources to other areas or adapting to market demands post-pandemic. This move aligns with broader trends in the medical device and biopharmaceutical industries, where companies are optimizing their operations and focusing on core competencies.
Current market trends show increasing demand for medical devices and diagnostic tools. Acquiring a fully equipped, turnkey facility can be particularly enticing for startups or established companies looking to quickly scale production without the lengthy setup times. The pristine condition and state-of-the-art equipment further enhance its attractiveness, potentially resulting in a competitive bidding environment.
For retail investors, understanding the broader market implications of such a sale can provide insights into industry health and emerging opportunities.
Real estate and manufacturing equipment available as turnkey operation, bulk purchase, or piecemeal liquidation
BETHESDA, Md., June 18, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, and Binswanger, a global leader in full-service commercial real estate, to sell equipment and real estate from a Puritan Medical Products biopharmaceutical manufacturing plant in Portland, Tennessee. The 338,000 square foot facility and hundreds of medical device packaging equipment assets and pristine general plant equipment are available now.
The facility, originally constructed in 1993, underwent major renovations between 2021 and 2022 to modify operations to create medical testing kits to support public health and safety efforts during the COVID-19 global pandemic.
“It’s incredibly rare to find a turnkey facility in this pristine of a condition,” said Liquidity Services Vice President of Corporate Sales Chris Register. “Not only is the equipment modern and state-of-the art, but the packaging lines are complete with everything a company would need to start producing medical devices, diagnostic testing kits, and injectables within the first day of use.”
Puritan is offering the facility and manufacturing equipment as a turnkey operation, bulk equipment purchase, or piecemeal liquidation of the assets. The facility contains the full suite of equipment necessary for medical device manufacturing, including Orienting & Feeding Systems, Multi-Lane Linear Thermoformers, Case Packers, Robotic Palletizing Systems, Case Erectors, Case Sealers, and more.
For more information and to view the facility and available equipment, go to AllSurplus.com. For more about Aaron Industrial Solutions, visit AaronIndustrialSolutions.com. For more about Binswanger, visit www.binswanger.com.
About AllSurplus
AllSurplus is the world’s leading online marketplace for surplus business assets, ranging from heavy equipment to transportation and industrial machinery. AllSurplus is the smartest, fastest way to sell inventory and equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ:LQDT), which has supported millions of customers across the globe. AllSurplus buyers have direct access to all the surplus assets across Liquidity Services’ network of marketplaces in one centralized location.
About Aaron Industrial Solutions
Aaron Industrial Solutions (AIS) offers industrial equipment auctions, liquidation sales, and asset management services to businesses needing to liquidate or transfer their surplus assets. With more than 80 years of experience in the buying and selling of industrial assets in all verticals, AIS works with its channel partners to provide onsite and online auction events, liquidations, private treaty sales and other creative ways to maximize and monetize surplus assets.
About Binswanger
Binswanger, a global leader in full-service commercial real estate, has been helping its clients realize their full real estate potential since 1931. Founded by real estate innovator and pioneer, Frank Binswanger Sr., the company operates with the understanding that real estate has the ability to strengthen businesses and transform communities. The company offers a variety of services benefitting both owners and occupiers including global real estate brokerage, location consulting, investment sales, tenant representation, corporate advisory, strategic consulting, and a variety of management services. Having worked with more than half of the Fortune 500, the employee-owned company has long been known as the industry leader in the acquisition and disposition of industrial and commercial facilities around the globe. For more information, please visit www.binswanger.com.
Contact:
Liquidity Services, Inc.
Public Relations
publicrelations@liquidityservices.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6bf59d6d-d8f7-4222-b3ee-6cd07fd64453
https://www.globenewswire.com/NewsRoom/AttachmentNg/fd3484e3-5a7e-4311-8e50-af64219e674f
https://www.globenewswire.com/NewsRoom/AttachmentNg/4a5b1989-7019-4382-80f7-6c449c71bf4c
FAQ
What is the significance of Liquidity Services' partnership with Aaron Industrial Solutions and Binswanger?
What are the options available for purchasing the manufacturing plant in Portland, Tennessee?
When was the Portland, Tennessee facility last renovated?
What type of equipment is included in the Portland, Tennessee facility?
How does the condition of the Portland, Tennessee facility impact its attractiveness to buyers?
