Loeb Auctioneers is pleased to announce that the assets from Imperial Mills LLC Platteville Gluten-Free flour and bake mix milling and packaging facility have been sold as a complete operation. As a result, the piecemeal equipment auction planned for October 28th was canceled. 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. 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.”