More than 2,500 pieces of equipment from the former Pillsbury dough production plant in New Albany will go up for auction next month. California-based New Mill Capital and New York-based Tiger Capital Group, which purchased the 34.5-acre property last year, will conduct the live webcast auction.
The plant, in which Pillsbury made cinnamon rolls and other bakery products, was closed by General Mills (NYSE: GIS) in August. New Mill Capital and Tiger Group are also looking to put the property, which includes the 450,000 square-foot building and refrigerated warehouse space, back on the market by accepting purchase or lease offers.
The joint venture says the auction will include liquid processing and blending, bulk powder processing and blending, sifting and dough mixing equipment as well as shortening systems and secondary packaging machinery, among others.
"While this was a dough production facility, a large percentage of the equipment being sold translates well across the entire food processing industry," said Eric Weiler, principal of New Mill Capital. "It’s a great auction for companies in the market for equipment to purchase well-maintained machinery with no lead-time. When you have an equipment sale of this size, there is something for everyone."
Live bidding for the equipment, both on-site and online, is scheduled for February 16 at 10:00 a.m. Central Time. An online-only auction for the remaining equipment will take place February 21 at 10:00 a.m. CT. You can click here for more information on the auction.