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January 26, 2012
by Jonathan Dickerson
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Crating and Shipping Valuable Equipment

A pharmaceutical company based in Germany needed to protect a $50,000 piece of equipment while shipping it overseas. The company relied on the expertise and efforts of EquipNet’s operations and logistics personnel and the valuable piece of equipment  made it there, safe and sound.

Here’s the story.  The customer finalized the purchase of an unused Glatt GC1500 tablet coater in late December 2011. To continue its work as a leading developer and manufacturer of medicines for respiratory, cardiovascular and digestive diseases, the company needed to ship the tablet coater from the seller in the US to its facility overseas.

Just days after contacting the EquipNet Logistics and Operations Team, the company received a highly competitive quote that took advantage of our relationship with a reputable international shipping vendor. With the numbers agreed upon, two EquipNet packaging professionals were assigned to the project for two full workdays to construct a custom crate large enough and strong enough to protect this Glatt GC1500, which stood 12 feet high, 15 feet wide, and weighed in at a whopping 5 tons.

To get an idea of the process,  see the photo-timeline below!

January 24, 2012
by Melissa Gagnon
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Choosing the Right Auction for Your Project

Selling surplus assets or closing a facility can be a confusing experience. EquipNet has created tailored auction services to help assist clients with their varying selling needs.  Whether you have tight time constraints, specialized markets, or something else, one of the below auction services can work for you! 

Sealed Bid Offering:

  • What is it? A sealed bid offering is a method of sale whereby confidential bids are submitted to be opened at a predetermined place and time. This is not technically a true auction in that it does not allow for reaction  method is most useful when a company is looking to sell an entire facility or equipment that has a low number of potential bidders
  • How does it work? The inner workings of a sealed bid vary from auction to auction.  If the facility houses many items, EquipNet lots them in groups (ex 100 items could be lotted in groups of 10).  Bidders are then able to choose whether to bid on an entire facility or on a single lot.
  • Why is this Beneficial?  From a buyer’s perspective, a sealed bid offers bidders the ability to bid lower than market price without other bidders driving prices up.  From a seller’s perspective, sealed bids allow for bidders to place bids that they cannot return to and adjust.  Additionally, when sealed bids are successful, the client is able to sell their assets more quickly than a traditional auction.  This is because with only a handful of buyers, logistics and accounting issues are seriously alleviated.

 Live & Webcast Auction

  • What is it? This is when EquipNet manages the sale of assets at a live auction with online bidders participating remotely via a simultaneous Webcast
  • When it is most useful? This method is most useful when a company is looking to liquidate an entire facility quickly.  It is also extremely useful when there are many items that can be “picked up” by local area business.
  • How does it work? Buyers can bid online and in person via the webcast on a variety of different equipment.

Online Smart Auction

  • What is it? Online Smart Auctions are auctions conducted entirely on the web utilizing a “high-bidder-wins” competitive bidding process to sell pre-owned equipment. The Online Auctions are hosted on the EquipNet website using our own proprietary auction software.
  • When it is most useful? This method is most useful for sellers who are looking to sell their unsold Marketplace merchandise.  Online auctions are also a good choice for sellers who need to meet short deadlines.
  • How does it work? Items are usually listed for sale beginning at 9 AM on the day of the auction and commence at 4PM.  Sellers are able to place reserves on high valued items ensuring that they are getting fair market price for valuable pieces of equipment.

In addition to these individual auction services, EquipNet’s project managers can create specialized project plans that combine the above elements with other services in our surplus asset management toolbox.  To find out if these or any other EquipNet service is right for your company, please call the sales team at 781.821.3482 or email sales@equipnet.com for more information.  Want to see how our auctions work?  Click here to view our calendar of current and upcoming auctions.

January 18, 2012
by Julie Baker
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EquipNet Expands Equipment Appraisal Services

EquipNet has acquired Present Value LLC–a worldwide appraisal and advisory company. Present Value co-founders, Christopher Kinzie and Christopher Spinelli, will join the EquipNet team at the company headquarters in Canton, MA and Present Value’s international roster of certified appraisers will now fall under the auspices of EquipNet.

Kinzie and Spinelli founded Present Value in 2006. They are both experienced appraisers themselves, certified through the National Equipment & Business Builders Institute (NEBBI) as Certified Machinery & Equipment Appraisers (CMEA). Additionally, they are both certified through the International Society of Business Analysts as Certified Senior Business Analysts (CSBA).

EquipNet’s President and Chief Operating Officer, Roger Gallo, is excited about the opportunities the merger presents.  “Acquiring Present Value allows EquipNet to provide our clients with a wider array of appraisal services,” explains Gallo.

“Not only will we have a global network of on-staff equipment appraisers with expertise in all the industries we serve—pharmaceutical, biotech, chemical, and consumer processing and packaging,” says Gallo, “But in the future, we’ll be able to offer our clients business valuations and real estate appraisal services, as well.”

With the merger, Kinzie has become EquipNet’s new Director of Appraisal Services. Spinelli will head up EquipNet’s Category Management Department, bringing his knowledge and understanding of appraisals to enhance EquipNet’s specification gathering and valuation methodology.

Roger Gallo and Christopher Kinzie recently sat down to discuss the acquisition and what it will mean to EquipNet and Present Value customers. Check out the video.

January 16, 2012
by Melissa Gagnon
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Auction of IV Medical Device Production & Packaging Equipment!

On January 18, EquipNet will host an online auction featuring Intravenous Medical Device Production & Packaging Equipment. This auction comes as a result of a complete facility closure in Sherbrooke, Quebec. This event will begin at 9:00 a.m. and is slated to run until 4:00 p.m ET.

Here is a sampling of the featured items from this sale:

PFM Tornado Horizontal Flow Wrapper – PFM 1 listing number 290111. According to the manufacturer’s product guide, The Tornado produces as many as 100 packs per minute with hermetic seals from a flat reel of heat seal wrapping material. It operates at 60 Hertz, 208-220 VOLTS, and requires 90 PSI for proper use. Please note that this piece is calibrated for 11” x 8” packages only. In addition, the Tornado comes equipped with an integrated Greydon flexographic in-line printer (model: 01SBM61), a Willett Inkjet coder, and Allen Bradley PanelView 900 operator interface, and a 10′ long Dorner infeed belt conveyor x 12″wide. Definitely a must see!

 

 Kobelco KNW Series 50 Horsepower Oil Free Two Stage Rotary Screw Air Compressor, listing number 290132. This piece is air cooled/two stage and is built with a 50 Horsepower drive motor. A small touch screen operator interface and event alarm log helps increase ease of use and safety. The air dryer for the Kobelco is also available for purchase! See listing 290135

 

In addition to these pieces, there are multiples pieces of equipment available for pick-up at the Sherbrooke facility. The list is as follows:

• Lab Gear-Bio Cab, Flow Hoods, Ovens, Vortexers, Shakers, Hot Plates, Lab Dishwasher, Lab Chairs, Refrig, More

• MRO-Small Parts Inventory-motors, components, fasteners, including plastic bids, storage cab, shelving, etc.

• Testing-Thermohygrometer, Digital Force Gage, and Traction Testers

• Facility Support-Lift, Pallet Jacks, and Scissor Lift

• Furniture- Office Furniture- Desk Tables, Chairs, Credenzas, Conference Rooms

• Production Support-3M Sealers, Ink Jet Printers, Stainless Conveyor, Roller Conveyor, Stainless Steel Tubing Trays, Tape Dispensers, SS Tables, Metro Carts & Buggies, Tape Dispensers,etc

To register for this auction or to review a complete lot catalog, please visit the auction page. Inspections are by appointment only, so if you are interested in an item please call our sales department at 781-821-3482 x2162. Please note that all items from this auction must be removed between January 30, 2012 and February 10, 2012.

January 11, 2012
by Kevin Hill
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Will Manufacturing Jobs Be a Key Election Issue?

In any given election year, it always seems that there is one pervasive issue that comes to the forefront of the debate, time after time. In 2012, while candidates’ positions on a wide variety of issues are constantly scrutinized, the economy continues to dominate discussion. Specifically, citizens want to know how each candidate plans to “create jobs.” Candidates have strived to be able to boast the title of “job creator” while doing everything they can to avoid being branded a “job killer.” While the debate rages on, one sector of the US economy continues to grow and add jobs consistently. That industry, which is only now starting to garner an appropriate amount of attention, is manufacturing.

On January 3, The LA Times reported that in December manufacturing activity in the US increased for the 29th consecutive month. The Times also noted that 23,000 manufacturing jobs were added in December, one of the best months the US has seen for a while. Factories continue to increase production while new factories spring up across the country. Many are hoping that this growth is a signal that manufacturing may soon play the same role it has for the US in the past. The manufacturing industry was once a centerpiece of a booming US economy in parts of the 20th century. Overtime, and for a variety of reasons, the US began to manufacture less and less. But now we have a reason to believe that may change. Even if the manufacturing industry never becomes as big as it once was, this new wave of jobs that is being created is undeniably good news. Many are predicting that this industry will continue to grow into 2012, and in years to come. Here’s to hoping other industries can follow the same path, and that the growth of manufacturing spurs growth all over the United States.