Copres

Background

On March 7th the company Copres at Uden The Netherlands faced bankruptcy. Copres was renowned for producing high quality plastic display materials for the retail industry. In addition to this production, the company also traded in packaging and display material of which they kept a large
stock within their warehouse.

Equipment highlights

Included within the bankruptcy assets where a highly advanced ARBURG Allrounder 820S 4000-3200 injection molding machine, several MOTAN Luxor modern granulate dryers and multiple KRAUSS MAFFEI injection molding machines as well as a large stock of plastic packaging, display materials and logistics/warehouse equipment.

Transaction

The insolvency administration was looking for a reliable and pro active project management company to take over all the movable assets and the stock at market value and to empty and clear the property in a very short time all in 1 deal. PIPM purchased all movable assets and stock and agreed to the strict additional and timeframe conditions set by the insolvency administration.

Procedure

PIPM using its very extensive international network of buyers, intelligent remarketing tools within this sector and network of dismantling and international transport partners, sold all the assets within a short term and respected the tight timeframes set by the insolvency administration and the owner of the real estate. Additionally and at the request of a leasing company, PIPM also successfully remarketed an almost new HAITIAN MA1600 II injection molding machine and a very modern COSIGN flatbed 3D CNC cutting & milling machine.

Result

The property was handed back completely empty and broom clean within 3 months to full satisfaction of all parties involved.