The lenders and company sold the assets in a 363 sale to Tiger.
Tiger’s Vision
Tiger placed a competitive market bid for the company’s Machinery and Equipment assets at five plants and 19 ranch/farm locations in California.
A live online auction was then held for more than 200 units of well-maintained rolling stock and farm equipment — as new as 2016 — including truck and farm trac-tors, poultry haulers, feed trailers, water trucks, pickup trucks and more.
Tiger followed that sale with a separate, two-day live online auction for Zacky Farms’ poultry processing operations including slaughter, whole bird packaging, boning, and hot dog processing facilities.
Outcome
Tiger sold one plant in bulk to a poultry processor and sold the remaining assets in a series of subsequent auctions.