Equipment from closed Conair appliance plant to be auctioned

By Roger Renstrom
Correspondent

Published: October 17, 2012 6:00 am ET

Related to this story

Topics Consumer Products, Machinery

CARTAGO, COSTA RICA (Oct. 17, 12:10 p.m. ET) — Heritage Global Partners will conduct an online auction of plastics processing and other equipment at Conair Corp.’s now-closed Cartago facility.

East Windsor, N.J.-based Conair develops, manufactures and markets health and cosmetic products, and kitchen and electronic appliances and has referred to the Costa Rica site as its “appliance manufacturing division responsible for supervising worldwide production of Conair products.”

Key assets being auctioned Nov. 14-15 include 33 injection molding machines featuring one each of Negri Bossi units of 520 and 210 tons and a 325-ton Sandretto press; a Sencorp model 220 inline form-and-trim thermoforming machine; a small-batch, fast-cycle, sputtering vacuum coating system with dual-load stations; more than 30 riveting machines; and a battery-powered Hyster forklift.

Conair established its 200,000-square-foot Babyliss Costa Rica SA operation in 1989. The company recently transferred most of the work to Asia, primarily China, and has closed the plant, said John Mayorek, a Conair executive.

The sale is being conducted in cooperation with the Heritage Global division of Asset Remarketing International S de RL de CV of Querétaro, Mexico, and the Bidspotter.com, part of South Bend, Ind.-based Bidspotter Inc. The equipment can be previewed Nov. 13 online.

Publicly traded Counsel RB Capital Inc. of Toronto acquired Heritage Global Partners of San Diego on Feb. 29 and operates Heritage as a wholly owned subsidiary.


Comments

Equipment from closed Conair appliance plant to be auctioned

By Roger Renstrom
Correspondent

Published: October 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

US plastics machinery market still gaining strength in second quarter

September 15, 2014 5:01 pm ET

U.S. plastics machinery shipments in the second quarter continued to outperform activity in 2013, according to data from Society of the Plastics...    More

Image

ATS goes global with acquisition of M+W Process Automation

September 10, 2014 2:49 pm ET

ATS Automation Tooling Systems Inc., a maker of factory automation systems in Cambridge, Ontario, has agreed to buy a German company M+W Process...    More

Image

Orenda says new pulverizer improves efficiency through cooling

September 10, 2014 1:41 pm ET

Orenda Automation Technologies Inc. will unveil a new pulverizer with new cooling technology at the Rotoplas conference for rotational molders, Oct....    More

Image

Material handing systems maker expanding Kentucky operations

September 9, 2014 1:47 pm ET

Intelligrated Inc., which makes material conveying and palletizing equipment for warehousing and distribution, and manufacturing, is expanding its...    More

Image

W. Amsler Equipment adds CNC capability

September 8, 2014 1:40 pm ET

RICHMOND HILL, ONTARIO — W. Amsler Equipment Inc. has added its first computer numerically controlled milling machine — a key investment a...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events