Hallin & Andersson

Background

Hallin & Andersson was a micro producer in mid-south of Sweden producing turned details, including components for hydraulics and plumbing manufacturing. The company went bankrupt in May.

Equipment highlights

The assets included 2 highly modern CNC machines, of the brand Doosan.

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 agreed to the strict additional and timeframe conditions set by the insolvency administration.

Procedure

Within 2 ½ months, PIPM sold 100 assets.

Result

PIPM cleaned the facility and delivered it in a broom clean condition. We managed to deliver this before the deadline.