Auction Set for Former ECS Refining Recycling Plant in Calif
STOCKTON, Calif., May 26, 2020 /PRNewswire/ -- Tiger Group, with sale partners Aaron Equipment, Rosen Systems and Perry Videx, will be holding an online auction on June 9 for ECS Refining's former multi-medium recycling plant on South Sinclair Avenue in Stockton.
Assets of the 262,000-square-foot facility are being offered on a turnkey or piecemeal basis in the sale, which will be conducted on bidspotter.com. ECS filed for Chapter 11 bankruptcy protection in 2018 and subsequently closed Stockton and two other plants across the country. The Stockton facility includes process lines for e-waste, TVs, glass and wood, along with forklifts, electric walk/ride low-lift pallet trucks and other material-handling equipment, office furniture and equipment. The building, which sits on a 37-acre industrial lot, is also available for lease or purchase.
Manufactured by industry leaders such as Titech, SSI Shredding Systems, Huron Valley Steel Corp. and West Salem Machinery, the core equipment includes an electronic waste shredding/separation line; a CRT monitor and projection TV separation and recycling line; and a wood pallet shredding and chipping line. All three lines are still installed as operated. All equipment in the facility has all been decontaminated in compliance with California Department of Toxic Substances Control (DTSC) specifications.
John Coelho, Senior Director at Tiger Group, noted that, this auction will be the final offering of ECS assets. "This follows our partnership's successful turnkey sale last year of the ECS facility in Mesquite, Texas," he said. "Stockton, which was ECS' most significant operation, presents recycling industry companies a unique opportunity to acquire high-capacity, late-model assets that can enhance their capacity. Meanwhile, we continue to entertain turnkey bids, as well as offers for each of the three complete lines or individual items for immediate sale in advance of the auction."
A once-prominent player in the recycling industry, ECS Refining started in Santa Clara in the 1980s and served some of the biggest corporate clients in the country as an IT asset-management and disposition company, with a particular focus on the proper handling of data-sensitive hardware, noted David Goodman, Executive Vice President at Perry Videx.
"Whether handling electronic waste, glass/CRT or wood, all three lines at the Stockton plant employ the latest technology," Goodman said. "This well-maintained equipment is currently available to operate in place or be moved to an alternative site."
Bidding in the online auction will open at 10 a.m. (PT) on June 2 and will close in rapid succession at 10 a.m. (PT) on Tuesday, June 9. All bidders are required to register at bidspotter prior the sale. Interested bidders can preview the assets online at soldtiger.com and/or make an appointment to see them in person at the Stockton site on Sunday, June 7, between 10 a.m. (PT) and 4 p.m. (PT). Interested parties may contact Coelho at (617) 523-5866, [email protected].
Media Contacts: At Tiger Commercial & Industrial: John Coelho, (617) 523-5866 or [email protected]. At Jaffe Communications: Bill Parness, [email protected], (732) 673-6852, or Elisa Krantz, [email protected], (908) 789-0700.
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SOURCE Tiger Group