Tiger, Hilco, Branford Group to Auction Pennysaver Assets
By order of the U.S. Bankruptcy Court, Tiger Capital Group’s Remarketing Services Division, Hilco Industrial, The Branford Group and Northeast Printing Machinery will conduct a two-day live webcast auction on September 16 and 17 for three Southern California web printing facilities formerly owned by Brea, CA-based Pennysaver, a publisher of advertising mailers targeting consumers.
The three facilities in Brea, Mira Loma and Vista, CA total more than 300,000 square feet, and include web offset presses, mini web presses, inserters, pre-production equipment, balers, facility support equipment, and corporate, production and design offices. Paper inventory, trucks, other vehicles and intellectual property assets will also be available.
Live bidding will take place from the company’s Mira Loma facility. Those intending to bid live online during the auction are required to register at least 24 hours prior to the event. Individuals wishing to submit pre-auction bids online can do so starting on September 10.
“These facilities offer an extraordinary opportunity for not only publishers and commercial printers, but for businesses of all types,” said Jeff Tanenbaum, president of Tiger Remarketing Services. “While industry buyers can benefit from printing-related assets and Pennysaver intellectual properties, there are items to suit any business &emdash; from office furnishings, computers and warehouse equipment to machine shops and vehicles.”