Heritage Global Partners, Federal Equipment Company, Capital Recovery Group, and PPL Group to Jointly Manage
Largest North American Pharmaceutical Manufacturing Asset Auctions in 2016
Series of Global Online Sales Featuring over 1,000 Lots of Former Sanofi Pharmaceutical Assets from 692,000
sq. ft. Capsule Manufacturing Plant Begins September 26
Heritage Global Partners (“HGP”), Federal Equipment Company (“FEC”), Capital Recovery Group (“CRG”) and PPL Group (“PPL”), today announced they will jointly manage a series of upcoming worldwide online sales
featuring the former pharmaceutical manufacturing assets of Sanofi beginning September 26, 2016.
The sales, which will be conducted exclusively via online auction or by Private Treaty, cover the complete removal of assets
from the former capsule manufacturing plant at 10236 Marion Park Dr., Kansas City, Missouri. Over 1,000 lots of pharmaceutical manufacturing machinery and lab
equipment are available for purchase.
The facility will be made available to parties interested in inspecting the equipment, preparing an offer, or bidding at
auction. To arrange a preview, please contact Nick Dove (information below).
Adam Covitt, FEC VP, stated, “We are conducting the year’s largest sale of pharmaceutical assets in North America and anticipate
strong demand from buyers worldwide for our selection of late-model manufacturing, processing and support assets from leading
brands.”
“The sales present a tremendous opportunity for bidders to acquire large quantities of high-quality solid dose and liquid
production machinery and well-maintained lab equipment at attractive prices,” noted Bill Firestone, CRG President.
David Muslin, PPL CEO, added, “We are pleased to assist in remarketing this unprecedented offering of well-maintained
pharmaceutical assets and are confident buyers across the globe will act quickly to secure lots of high-grade machinery and
equipment to support their current production facilities.”
For Heritage Global Partners
Nick Dove, +1-858-847-0659
ndove@hginc.com
or
Adam Covitt, +1-216-536-0312
adam@fedequip.com
or
David Barkoff, +1-650-759-2242
dbarkoff@hginc.com
or
JCIR
Jennifer Neuman, +1-212-835-8500
HGP@jcir.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160907005100/en/