The Challenge
- Georgia Pacific made the decision to no longer support the production of paper bags, resulting in the elimination of 16 bag lines and peripherals at to facilities.
- Seven sheeters and additional paper converting and packaging equipment, needed to be sold as well as yellow iron assets and large quantities of MRO assets.
The Results
A sealed bid auction was held for the bag lines and peripherals where, with the client's approval, were sold to highest bidder. The sheeters and paper converting equipment were well marketed to Liquidity Services’ global buyer base of over and were brought to market through Liquidity Services’ AllSurplus marketplace. Liquidity Services worked with each Georgia Pacific facility to with each facility to assess the amount of MRO assets available. Marketed assets for sale as entire packages.
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