Matador Processors USDA Food Processing Facility Sold as a Complete Operation
Loeb Winternitz Successfully Sells the Assets from the Blanchard, Oklahoma Facility to Strategic Buyer
Loeb Winternitz Industrial Auctioneers is pleased to announce that the assets from Matador Processors USDA food processing and packaging facility has been sold as a complete operation. The new owners will take up operations in the Blanchard, Oklahoma facility within the next few weeks.
"It's always rewarding to save jobs within a community," stated Howard M. Newman, President of Loeb, "But it's definitely much better when you're saving a 40 year old brand."
Loeb Winternitz was able to fully prepare the site for auction while simultaneously working with Matador Processors to negotiate the sale of the facility as a whole.
As a result, the piecemeal equipment auction planned for Tuesday, May 19th has been cancelled.
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.