RUMFORD,
R.I., Aug. 2, 2024 /PRNewswire/ -- The strategic
joint venture partnership of Gordon Brothers and The Branford Group
recently announced a liquidation of state-of-the-art equipment,
surplus to the continuing operations of Am-Source LLC intended to
monetize excess equipment capacity located at the company's
Rumford, Rhode Island
location.
Unique opportunity to acquire late-model
extrusion and thermoforming lines
The over 50,000 square-foot facility manufactures plastic
plates, bowls, and cups. This is a unique opportunity to acquire
late-model extrusion and thermoforming lines that rarely become
available in the re-sale market. Such equipment includes
Davis-Standard built 3-layer and 4-layer coextrusion sheet lines
and inline thermoformers and trim presses manufactured by Brown
Machinery Group. In addition, there are various die sets to produce
disposable wares and large amount of plastics production and
general support equipment.
"This is a remarkable offering of late-model equipment that has
been meticulously maintained," stated James
Gardner, Senior Vice President at Branford. "The quality and
condition of these machines are outstanding, making this an
exceptional opportunity for buyers to enhance their operations with
top-tier technology at a fraction of the new cost."
All the production lines are available for immediate sale and
interested parties should contact The Branford Group. Following the
liquidation, any remaining equipment is being offered in a studio
webcast auction on Thursday, September
5th. All bidding takes place entirely online with
the first lot beginning promptly at 10:00 am
(ET).
"We provided a creative and flexible solution for the company
after they made the difficult decision to cease production at the
Rhode Island facility," said
Mike Guelfo, Managing Director,
Commercial & Industrial at Gordon Brothers. "This is a unique
opportunity for buyers to immediately acquire complete, late-model
thermoforming lines at a significant discount."
For more information including equipment videos and
descriptions, to register for the auction, or to learn more about
the immediate liquidation opportunity, please visit Branford's
website www.TheBranfordGroup.com or reach out to Branford
directly at 203-488-7020 or service@thebranfordgroup.com
About The Branford Group: The Branford Group is a
recognized leader in surplus industrial asset management,
disposition, and valuation services throughout the world. Its
experienced team of certified and accredited auctioneers and
appraisers buy, sell, and value nearly all types of assets
including equipment, inventories, turnkey businesses, real estate,
and intellectual property from a broad range of industries. For
more information, visit www.TheBranfordGroup.com.
About Gordon Brothers: Since 1903, Gordon Brothers
has maximized liquidity through realizable asset value by providing
the people, expertise and capital to solve business challenges. Our
firm's integrated solutions across asset services, lending,
financing and trading give clients the insights, strategies and
time to optimize asset values throughout the business cycle. We
work across the full spectrum of assets globally with deep
expertise in retail, commercial, industrial, brands and real
estate. We are headquartered in Boston with over 30 offices across
North America, Europe, the Middle
East and Africa, and
Asia Pacific. For more
information, visit www.gordonbrothers.com.
Media Contacts
The Branford Group
Alicia
Wade
203-483-2220
awade@thebranfordgroup.com
Gordon Brothers
Lauren
Nadeau
617-422-6599
lnadeau@gordonbrothers.com
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SOURCE The Branford Group