Loeb Winternitz Successfully Sells Imperial Mills LLC Gluten Free Flour & Bake Mix Milling & Packaging Production Equipment as a Complete Operation
Loeb Winternitz Successfully Sells the Assets from the Wisconsin Facility to Strategic Buyer
Loeb Winternitz Industrial Auctioneers is pleased to announce that the assets from Imperial Mills LLC Platteville Gluten-Free flour and bake mix milling and packaging facility has been sold as a complete operation. As a result, the piecemeal equipment auction planned for October 28th was cancelled. The strategic buyer is now in the process of moving the entire operations to their existing facility. The move should be completed within the next few weeks, and have the operations up and running by the end of the year.
"The negotiations took place in a very narrow time frame prior to the equipment auction, and we were not confident a deal could be struck," stated Charles J. Winternitz, President of Loeb Winternitz Industrial Auctioneers. "With only a couple hours remaining before the equipment auction was to begin, we were finally able to find middle ground and facilitate a complete purchase to the satisfaction of all the participants."
Loeb Winternitz was able to fully prepare the site for auction while simultaneously working with Imperial Mills LLC to negotiate the sale of the facility as a whole.
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.