A national auction house is holding an online auction Thursday for the Hawaii-based milk-processing equipment and fleet of trucks left behind when Meadow Gold shut down its Honolulu dairy plant last spring.
Global Partners and New Mill Capital is conducting on-site inspections of the equipment and trucks — which include a 20,000-gallon stainless-steel silo with an opening bid of $5,000 — on Tuesday and Wednesday, and also by appointment. The auction is scheduled to start online at 10 a.m. on Thursday.
In addition to the large silo, the equipment being auctioned includes a rotary filler with an opening bid of $5,000, several 3,000-gallon stainless-steel horizontal tanks with opening bids of $1,000 each, several 8,000-gallon fiberglass wastewater tanks with opening bids of $500 each, a commercial refrigerator with an opening bid of $250, an auto clave sterilizer with an opening bid of $150 and a chemical wash station with an opening bid of $100.
The trucks being auctioned include several refrigerated semi-trailers with opening bids of $1,000 each, tractors with opening bids starting at $2,500 and single-box trucks starting at $2,500.
Meadow Gold closed its Honolulu dairy processing and distribution business at the end of April as part of the Chapter 11 bankruptcy proceedings of its corporate owner, Dallas-based Dean Foods (NYSE: DF), putting 216 employees out of work.
In June, Meadow Gold listed its Honolulu manufacturing site on the market for $25 million with Cushman & Wakefield ChaneyBrooks. The three parcels — 824 Sheridan St., 1302 Elm St. and 925 Cedar St. — are also being marketed as separate parcels, but Anthony Provenzano of Cushman & Wakefield ChaneyBrooks told Pacific Business News there are several prospective buyers for the whole portfolio.
Written by Janis L. Magin – Senior Editor, Pacific Business News
September 15, 2020 , 8:48 PM (EDT)