Heritage Global Partners and Harry Davis & Company Offer State-of-the-Art Air Chilled Poultry Processing Site for Sale
Immediately Accepting Offers
March 30, 2021 08:30 AM Eastern Daylight Time
SAN DIEGO – (BUSINESS WIRE) – Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services, and a subsidiary of Heritage Global Inc. (Nasdaq: HGBL), announced that it has been engaged by order of the U.S. Bankruptcy Court (Case #20-00305) to offer for sale, a turnkey, state-of-the-art air chilled poultry processing plant in partnership with Harry Davis & Company, a leader in the food a beverage appraisal and equipment strategy industries. The offering is of the former Simply Essentials plant in Charles City, Iowa.
HGP and Harry Davis & Company are immediately soliciting and accepting offers for the site, which recently undertook $30 million in facility and equipment upgrades. The main line of the 500 employee processing facility has the capacity to process up to 140 birds per minute, along with a full suite of packaging, processing, and facility support equipment assets.
$We are delighted to work on behalf of the Trustee and creditors to find a buyer for this facility. We are confident we will deliver a desired outcome for all stakeholders.
David Barkoff, Senior Vice President at HGP stated, “We are delighted to work on behalf of the Trustee and creditors to find a buyer for this facility. We are confident we will deliver a desired outcome for all stakeholders.”
Leonard Davis, President & CEO of Harry Davis & Company added, “We are ready and eager to use our food and beverage industry experience to help source a buyer to keep the plant operational. The facility is ready for immediate use by a vertically integrated processor looking for additional capacity to meet increased demands for air chilled poultry. We are encouraged by some initial conversations with prospective operators, but will revert to a piecemeal auction if a suitable operator doesn’t step up within 60 days. The offering includes:
The offering includes:
- The approximately 85,000 sq. ft. facility on 3.1 acres located at 901 N. Main Street, Charles City, Iowa
- The adjacent parking lot and live barn on approximately 9.7 acres
- Real estate located at 300 Lawler Street, Charles City, Iowa
- 140 Bird Per Minute C02 Stun, Kill, Scald, Pick Line
- State-of-the-art packaging, processing, and related facility equipment
- Any trademarks, website domains, and other intellectual property
Interested parties can review the offering, schedule visits, and discuss offers with HGP and Harry Davis & Company (contact info listed below).
About HGP
Heritage Global Partners, Inc. is one of the world’s largest industrial auction firms, providing asset valuation, acquisition and disposition services a subsidiary of Heritage Global Inc. Heritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions.
About Harry Davis & Company
Located in Pittsburgh, PA, Harry Davis & Company is a multi-generational auction and appraisal business that is an industry leader and international force in the food and beverage industries. Harry Davis & Company provides auction and turnkey sales, appraisals and consulting services worldwide.
Contact
- David Barkoff
- 650-759-2242
- dcb@hginc.com
- Leonard Davis
- Harry Davis
- 412-901-0895
- ldavis@harrydavis.com