A Tiger Commercial & Industrial online auction will feature equipment and inventory from Grow Materials, LLC, a worldwide distributor of industrial plastic resins and raw materials.
Conducted on behalf of a court-appointed receiver, the timed online auction at SoldTiger.com opens on Thurs., Aug. 20, at 10 a.m. (CT) and closes on Thurs., Aug. 27, at 10 a.m. (CT).
Buyers will find raw materials and plastics inventory originally valued at more than $6 million, along with lab equipment, material-handling assets, and furniture, fixtures, and equipment (FF&E) from Grow Materials’ former plants in Cartersville, Georgia, and Houston.
Credit: Tiger Group
Grow Materials handled a diverse array of plastics, including regrinds, pellets, various baled fibers and fiber spun on cones, along with post-industrial finished products that had not passed quality control, noted John Coelho, Senior Director of Tiger Commercial & Industrial.
“For example, they would acquire mixed purging and a variety of resins from large injection molding and resin companies and then identify, test, and sort these materials for resale back into the market,” he said. “The goal was to enable customers to replace virgin feedstock with recycled materials without any loss in quality.”
Grow Materials’ focus included plastics engineered to be tough enough to replace metal, along with mostly flexible or rubber-like specialty plastics used for additives, cushioning, sealing and other applications. “The sophisticated lab and testing equipment on offer in this sale makes it an especially compelling opportunity for the plastics industry,” Coelho said.
Highlights of the sale include:
LAB EQUIPMENT
Spectrometers, melt indexers, servos, electronic scales, lab peripherals and more.
- Nissei NEX80V 88-ton all-electric injection molding machine with TACT5 control
- Matsui DMZ2-80U dehumidifying dryer with Matsui HD2-15DH hot air dryers
- Instron 9050 pendulum impact tester with Instron C-6898-000 motorized V-notch broaching machine
- Tinius Olsen MP1200 melt flow indexer with touchscreen
- TA Instruments Discovery DSC25 calorimeter with refrigerated cooling system and Dell XPS laptop
- Thermo Nicolet iS50 FT-IR spectrometer with Smart iTX and Dell Inspiron 14 2022 i5 laptop
- Mettler Toledo MY104 analytical balance with touchscreen
MATERIAL HANDLING EQUIPMENT
LP gas forklifts, hydraulic bulk box handler, Manitou lift machine, ladders, carts and pallet jacks.
ROLLING STOCK
Automobiles including:
- 2022 BMW 330i XDrive
- 2014 BMW 328i XDrive
- 2018 Tesla Model S
FURNITURE, FIXTURES AND EQUIPMENT
Stackbin industrial steel workbench with office chair along with custom office furnishings, reception, seating, laptops, PCs, printers, and Apple computers.
ENGINEERING RESINS
- Nylon (polyamide PA6, PA66, PA6/66, PA6/10, PA6/12, PA12)
- PC (polycarbonate)
- Acetal (polyoxymethylene)
- PET (polyethylene terephthalate)
- PBT (polybutylene terephthalate)
- PC/ABS (polycarbonate/ABS)
- PP (glass fiber filled PP – unfilled pellet [Braskem], Eastman G-3015 Synthomer)
- LCP (liquid crystal polymer)
- TPE (thermoplastic elastomer)
- PPS (polyphenylene sulfide)
- ABS (acrylonitrile butadiene styrene)
- PMMA (acrylic – polymethyl methacrylate)
SPECIALTY MATERIALS
- ACP (acid copolymer)
- TPE (thermoplastic elastomer)
- HMWPE (high molecular weight polyethylene)
- PP elastomer
- POE (polyolefin elastomer)
- EVA (ethylene-vinyl acetate)