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

Audacious vandal stuns Taipei Plas

September 29, 2014 4:59 pm ET

Melodrama erupted at the traditionally tranquil Taipei Plas trade show on Sept. 28 when a mysterious intruder flung red paint at the Baumüller...    More

Image

Shini pushes into western China

September 29, 2014 4:28 pm ET

Despite intellectual-property brigands, Taiwan's Shini Plastics Technologies Inc. is zestfully pursuing the enormous Chinese market for plastics...    More

Image

Global giant Foxconn to make, sell molding machines

September 26, 2014 2:48 pm ET

For years, Taiwan's Foxconn Technology Group has been the world's largest contract manufacturer for electronics, with more than 1 million employees...    More

Plastics Machinery Group now offering injection presses

September 26, 2014 10:46 am ET

Solon, Ohio-based Plastics Machinery Group is expanding its machinery offerings by adding injection molding machines to its inventory and adding a...    More

Image

Swiss thermoforming machinery firm WM Wrapping setting up US office

September 25, 2014 2:21 pm ET

Thermoforming industry veteran Kent Johansson has a new gig: Running a U.S. facility for Swiss sheet line and thermoforming machinery maker WM Wrappin...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events