Auction Set For Turnkey Facilities of Bankrupt Southern California Advertising Publishing Company

--Tiger Group, Hilco Industrial, The Branford Group, and Northeast Printing Machinery to conduct two-day, live webcast auction of Pennysaver's assets beginning Sept.16

News provided by

Tiger Group

Sep 08, 2015, 09:30 ET

LOS ANGELES, Sept. 8, 2015 /PRNewswire/ -- 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 Sept. 16 and 17 for three Southern California web printing facilities formerly owned by Brea-based Pennysaver, a publisher of advertising mailers targeting consumers.

The three facilities in Brea, Mira Loma and Vista 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 at www.SoldTiger.com.

Individuals wishing to submit pre-auction bids online can do so starting on Sept. 10 at www.SoldTiger.com.

Asset previews will be held at each site on Monday and Tuesday, Sept. 14 and 15, from 10 a.m. to 4 p.m. (PT)

"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 – from office furnishings, computers and warehouse equipment to machine shops and vehicles."

Printing equipment to be offered includes three Global coldset web offset presses that were built or remanufactured in 2004, a 2003 Tensor coldset web offset line, and a total of 14 Tensor/Goss, Goss Community, Global/DEV, and Didde web presses.

Also available are 12 Muller/GMA newspaper inserters and dozens of Signode, Mosca and Dynaric arch- style strappers. Facility support equipment includes dozens of Clark, Nissan and Hyster LP forklifts, along with Kaeser, Ingersoll Rand, Gardner Denver and Sullair air compressors. More than 300,000 pounds of new and unopened roll stock; newsprint and offset grade paper will also be available.

Information technology equipment up for sale includes hundreds of PCs and more than 50 Apple iMacs, along with server and networking equipment. Modern office furniture and equipment includes more than 50 ergonomic computer desks, executive office and conference room furnishings, and a large selection of modular furniture.

Motor vehicles to be offered include two Freightliner vans, two Isuzu van trucks, Ford Transit vans, Nissan Frontier pickups, Dodge Caravans, and four Great Dane utility box trailers.

Intellectual property up for auction includes trade names, domain names and custom software.

For a full catalog of the items offered and details on how to schedule a site visit and bid, go to: www.SoldTiger.com.

Since 1962, the Pennysaver advertising newsletter has been a fixture in Southern California. The company filed for Chapter 7 Bankruptcy Protection on May 29, 2015 in Delaware Bankruptcy Court (case number No. 1:15-bk-11196).

SOURCE Tiger Group