Auction set for former Pillsbury production plant, equipment

by Eric Schroeder
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General Mills Pillsbury plant in New Albany
Equipment located at a former Pillsbury dough production plant in New Albany will be offered for sale.
 

NEW ALBANY, IND. — Equipment that was located at a former Pillsbury dough production plant in New Albany will be offered for sale as part of a live webcast auction set for Feb. 16. New Mill Capital and Tiger Group will conduct the auction for more than 2,500 pieces of equipment at the plant, which was closed by General Mills in August 2016 and acquired by New Mill Capital and Tiger Group in November.

Separately, New Mill Capital and Tiger Group are accepting purchase or lease offers for the 450,000-square-foot building and refrigerated warehouse space, which sits on approximately 34.5 acres.

General Mills began operating the New Albany facility in 1959, where the company for many years made Pillsbury-branded cinnamon rolls and other dough and bakery products.

The auction includes late-model, well-maintained liquid processing and blending, bulk powder processing and blending, sifting, and dough mixing equipment, along with shortening systems and secondary packaging machinery.  Also up for bid are electrical and ammonia equipment, parts, maintenance and plant support equipment.

“While this was a dough production facility, a large percentage of the equipment being sold translates well across the entire food processing industry,” said Eric Weiler, principal of New Mill Capital. “It’s a great auction for companies in the market for equipment to purchase well-maintained machinery with no lead-time. When you have an equipment sale of this size, there is something for everyone.”

Live bidding will take place at the facility, 707 Pillsbury Lane, New Albany, beginning at 10:00 a.m. CT on Feb. 16. A subsequent on-line auction will take place on Feb. 21 at 10:00 a.m. CT for the balance of the plant support equipment and spare parts. Those intending to bid on-line via webcast during the auction are required to register prior to the sale at www.bidspotter.com.

“Food processors, commercial bakeries and distribution companies should be interested in the assets up for bid,” said Jeff Tanenbaum, president of Tiger’s Commercial and Industrial division. “This is not your typical equipment auction, but rather an opportunity to acquire well-maintained production and facility support equipment of a substantial food processing facility.”

For a full list of the items offered and details on how to schedule a site visit and bid, go to: www.newmillcapital.com or www.SoldTiger.com. For more information about the real estate, contact Greg Schain at gschain@newmillcapital.com.
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