Press Releases
Dec 01

Assets from Mondelēz International’s Northeast Philadelphia Manufacturing Facility for Sale Online Beginning August 17, 2015

Maker of Iconic Nabisco Snacks Set to Sell Wide Variety of
Production and Support Equipment

WASHINGTON–(BUSINESS WIRE)–Aug. 10, 2015–
Liquidity Services (NASDAQ: LQDT), a global solution provider in the
reverse supply chain with the world’s largest marketplace for business
surplus, announced today that it has partnered with Mondelēz
International, Inc., one of the world’s largest snack companies with
high-profile brands such as Cadbury, Nabisco, Oreo and Triscuit, to
auction off surplus assets from its Philadelphia, PA production facility.

The assets will be sold online during two separate events. Interested
bidders may preview and inspect equipment in person August 17, 18 and 19
from 9 a.m. to 4 p.m. each day. Bidding for event number 501392, http://bit.ly/GoDoveMondelez1,
opens on Monday, August 17 at midnight EDT and closes Wednesday, August
19 at 4 p.m. EDT. Bidding for event number 501393, http://bit.ly/GoDoveMondelez2,
opens on Monday, August 17 at midnight EDT and closes Thursday, August
20 at 4 p.m. EDT.

“We are pleased that Mondelēz International has once again selected
Liquidity Services to provide consultative surplus asset management,
valuation and sales support,” said Gardner Dudley, President of
Liquidity Services’ Capital Assets Group. “By utilizing www.go-dove.com,
our online marketplace, buyers from around the world will have a chance
to purchase commercial foodservice production and packaging equipment
from one of the leading companies in the industry. This is an
opportunity for other foodservice manufacturers and equipment dealers to
purchase good-condition, ready-to-use assets.”

“Liquidity Services and Mondelēz International have worked together
multiple times to sell similar surplus assets within the food and
beverage industry,” said Antonio Martinez, Manager, Stranded Assets for
Mondelēz International. “We are confident that Liquidity Services’
industry expertise and global experience will again successfully bring
us together with buyers who will find value in our surplus assets. This
will not only help ensure a more sustainable approach to the
redeployment and disposal of assets, but it is also a good way for us to
recoup money from past capital expenditures.”

To place bids on items for sale in this auction, or to participate in
any auction on a Liquidity Services marketplace, visit https://www.go-dove.com/register.

About GoIndustry DoveBid

GoIndustry DoveBid (Go-Dove), a Liquidity Services marketplace, is the
exclusive venue for small and medium-sized enterprises and Fortune 1000
corporations to sell their surplus assets. With over 500 different
commodity categories and thousands of surplus items added weekly to our
inventory, Go-Dove offers buyers a unique and dynamic pool of property
for purchase and resale.

About Liquidity Services

Liquidity Services is a global solution provider in the reverse supply
chain with the world’s largest marketplace for business surplus. We
partner with global Fortune 1000 corporations, middle market companies,
and government agencies to intelligently transform surplus assets and
inventory from a burden into a liquid opportunity that fuels the
achievement of strategic goals. Our superior service, unmatched scale,
and ability to deliver results enable us to forge trusted, long-term
relationships with over 7,000 clients worldwide. With nearly $6 billion
in annual sales proceeds, and approximately 3 million buyers in almost
200 countries and territories, we are the proven leader in delivering
smart surplus solutions. Let us build a better future for your surplus.
Visit us at LiquidityServices.com.

Source: Liquidity Services

Liquidity Services
Jeanette Hanfling
Director of Public
Relations
202.467.5723
[email protected]