Green Mountain Coffee Roasters North York Roasting & Packaging Facility Sold as a Going Concern
Loeb Winternitz in partnership with TCL Asset Group Successfully Sells Assets from Keurig Green Mountain's Ontario Plant to Mountain View Coffee
Loeb Winternitz Industrial Auctioneers in partnership with TCL Asset Group is pleased to announce that the assets from Green Mountain Coffee Roaster's (Keurig Green Mountain NASDAQ: GMCR) North York, Ontario roasting and packaging facility has been sold as an ongoing concern. As a result, the auction planned for May 28th, will not take place. Mountain View Coffee will take up operations in the facility within the next few months and will resume production of their specialty coffees.
"It is always something special when you can save jobs," stated Howard Newman, President of Loeb. "Increasing the recovery value of installed assets while at the same time helping a new operator fulfill their dream; Everyone involved is happy with the results and that is always a great thing."
Working in partnership with TCL Asset Group, Loeb Winternitz was able to fully prepare the site for auction while simultaneously working with Green Mountain to negotiate the sale of the facility as a whole. They were also able to work with the landlord and Mountain View Coffee to help facilitate the discussions for a lease on the real estate.
About Loeb Winternitz & Loeb
Loeb Winternitz Industrial Auctioneers, a subsidiary of Loeb, is a full service auction division specializing in Webcast and Online Only auction asset disposition services. Combining 250 years of family business values between Loeb and Winternitz Auctions, our knowledge extends across many different industries in which we currently sell, appraise and finance machinery and equipment. For more information, please visit: www.loebwinternitz.com
For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Headquartered in Chicago with a 150,000 square foot facility, Loeb provides: equipment sales, purchases, rentals, leasing & liquidations, certified market appraisals from Loeb Appraisal, auction services & asset disposition from Loeb Winternitz Industrial Auctioneers, and equipment financing from Loeb Term Solutions. Loeb and all of its divisions are experts in providing equipment solutions to the: food, pharmaceutical, cosmetics, chemical, metalworking, woodworking, plastics, and printing industries. For more information on Loeb or any of its business units, please visit: www.loebequipment.com.