Tiger Group Hosts Immediate Sale of Gate NY Equipment
Tiger Group Hosts Immediate Sale of Gate NY Equipment
Tiger Group, New York City, is now selling the remaining equipment assets from Gate NY, Holbrook, N.Y., formerly a major drop-ship location for garment distributors in the Northeast.
“The supply-chain crunch means that companies in the garment-printing and embroidery business are often being forced to wait months for newly purchased equipment to arrive, potentially complicating their plans for growth and expansion,” says John Coelho, a senior director with Tiger Commercial & Industrial. “This sale by Tiger Group is an incredible opportunity for these companies to immediately acquire selective groupings of high-quality assets at a competitive value.”
Items for sale include screen-printing machines, flash cures, dryers, folders and accessories by the likes of MHM, Dane, M&R, Hix Interchange, NEDCO and OYO; embroidery machines and accessories from Barudan and Hashima; direct-to-garment printing and pretreatment equipment by Brother and Schulze; heat-transfer presses by Stahls and Brother; a Roland printer/cutter; and various material-handling and plant-support assets.
“It’s important to note that this is not an auction,” Coelho says. “The assets on offer here are available in a negotiated sale. They may well go to a single motivated buyer, but Tiger Group will entertain offers for the purchase of large groupings of significant assets as well.”