Heritage Global Partners to auction Bumble Bee’s Mayagüez real estate, equipment

By September 7, 2012Press Releases

BY CB STAFF
Heritage Global Partners (HGP), a global leader in asset advisory and auction services, and a wholly owned subsidiary of Counsel RB Capital this week announced it will conduct a bulk and piecemeal auction of the Mayagüez waterfront industrial real estate and plant equipment of Bumble Bee Foods LLC, North America’s largest branded, canned seafood company. The sale will be conducted via telephone and online auction. The sale of Bumble Bee’s 38.2 million-square-meter property, includes a more than 174,000-squarefoot enclosed structure, as well as select pieces of surplus production and the facilities’ support equipment. Preapproved parties will be held Sept. 12, 7 a.m.-7:30 a.m. Eastern Time. A second online piecemeal auction will take place Sept. 12 at 8 a.m. until Sept. 13 at 10 a.m. Bumble Bee will determine which bids are accepted following its piecemeal sale. Prospective bidders are encouraged to preview the Mayagüez site Sept. 11, 9 a.m.-4 p.m., or in advance by appointment. “Our upcoming auction of Bumble Bee’s extensive assets, including prime waterfront real estate, offers an excellent opportunity for companies in food and general manufacturing not only to acquire state-of-the-art industry equipment but also to quickly relocate to an existing facility in Puerto Rico,” stated George
Wandachowicz, vice president of HGP.

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