GPS Nunspeet

Background

Broiler abattoir GPS Nunspeet suffered financial problems due to Covid-19 and after 40 years, went bankrupt at the end of 2021. Especially the closing of restaurants and cafes created problems for GPS because the sales market for their meat products in many European countries particularly concerned the restaurant & food service segment. Prior to the bankruptcy, GPS was an important employer in the region with over 300 FTEs and 150 part-time employees. The total surface area of the building is over 30,000 square meters of which 27,000 was production facilities. Just prior to the bankruptcy, the company had considerably invested in various assets in order to comply with the laws and regulations and to optimise the production capacity.

Equipment highlights

The company thereby presided over the modern slaughter and packaging lines, a highly advanced cooling installation and a high-quality range of machinery and fleet.

Transaction

The insolvency administration was looking for a reliable and pro active project management company to take over all the movable assets 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 agreed to the strict additional and timeframe conditions set by the insolvency administration.

Procedure

A majority of the slaughter and packaging lines were sold to a market party and will be used in a brand-new abattoir that is being built in Asia. The remaining assets have by now also found a new owner and the building was delivered mid-October 2021 as agreed.

Result

The building was delivered as agreed.