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

Buyer plans to sell former Hoover molding, assembly plants

July 31, 2014 2:06 pm ET

A former Hoover manufacturing plant with 150 injection machines in El Paso, Texas, and a nearby maquiladora plant in Juarez, Mexico, changed owners...    More

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Tessy investing $10 million in new plant, infrastructure

July 30, 2014 4:57 pm ET

Tessy Plastics Corp. continues to buy factory buildings in upstate New York — acquiring a 112,000-square-foot former Honeywell building in...    More

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Bayer PC used for lightweight, durable luggage collection

July 24, 2014 10:52 am ET

Bayer MaterialScience has partnered with U.S.-based travel goods manufacturer Andiamo Luggage LLC to create a special plastic for suitcases that is sc...    More

Market Reports

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

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events