Our client, Glaxo Smith Kline announced the closure of their Boronia manufacturing facility, with a complex wind down program to commence in late 2021. Hilco APAC was selected as the partner to remarket assets in multiple stages, in line with the decommissioning program conducted by the business.
Stage 1 of the program involves a number of key assets including Blow / Fill / Seal machines, complete packing lines and assorted ancillary equipment.
In total, Hilco APAC will conduct 4 sale programs, on a global scale between 2022 and 2023.
Hilco APAC has facilitated the sale transaction of a key item within days of the Expression of Interest campaign commencing.
Buyer interest to date includes a wide array of geographies including: Asia, Europe, The Americas & Australia.
Stage 1 Expression of Interest closed in late February 2022, with an auction campaign to follow in Q2 2022.
Blow / Fill / Seal Machines from brands such as Weiler & Rommelag. Complete packing lines and assorted tablet manufacturing assets.
the Asset Smarter way
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Adam is the CEO of Hilco APAC, a Director and founding shareholder, with over 25 years of experience in the auction, valuation and marketplace industries. Seeing a gap in the market when it comes to global access to marketplaces, Adam envisioned a business with a full-service offering; Hilco Global APAC was born from this vision. As the head of our business, Adam focuses on strategic relationships and finding new and interesting ways to connect buyers & sellers globally.
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