Illinois-based Hilco Industrial Acquisitions has purchased the assets of a bankrupt Dutch film processor and is seeking to sell them either as a "turnkey" package or through individual sales.
Enkhuizen, Netherlands-based Draka Polymer Films was declared bankrupt on July 11. An initial attempt by Starboard Restructuring Partners, an investment company from Brazil, to stave off the failure of the company, came to nothing when the deal proposed by Starboard was rejected by several of Draka's creditors. Around 150 employees lost their jobs.
Hilco, based in Northbrook, Ill., purchased all machinery and equipment, inventories and intellectual property rights, which includes four major production lines, four and five roll calender production, printing, painting and cutting lines.
Hilco announced it will now start marketing the assets through a combination of private treaty sales and online auction events, although in a written statement to Plastics News Europe, Darko Pepovski, vice president of marketing at Hilco, said a buyer who might want to take over the entire business would also be a possibility.
"We are offering it as a turnkey opportunity including all IPRs, tradenames, inventory and machinery," he said.
The firm ceased operation 2 Aug.
