Loeb Auctioneers in partnership with TCL Asset Group is pleased to announce that the assets from Green Mountain Coffee Roaster’s 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. The new buyer of the facility will take up operations within the next few months and will resume production of their line of 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 Auctioneers 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.