By order dated June 22, 2016, of the United States Bankruptcy Court for the Northern District of Georgia, in Case Number 16-58837, QRS Recycling of Georgia has retained Yellen Partners to sell its inventory, equipment and machinery through an orderly liquidation and auction process.
The sale of equipment includes a remarkable offering of optical sorting equipment, bale breakers, shredders, conveyors, bailers, eddy current magnets, screening units, and air compressors, from such quality manufacturers as Redwave, Vecoplan, Hustler, Mill Power, Ingersoll Rand, and many more.
QRS Recycling of Georgia was a full service recycling processing center of post-consumer plastics, bulk plastic, iron, steel, tin, aluminum, copper, brass, plastic bags, plastic film, pre-picked containers (PPCs), paper and cardboard, single stream and commercial dry waste.
The auction sale, which is to take place in August 2016, will be open to the public and bidders will have an opportunity to inspect all items prior to bidding. Bidders will have the chance to bid on complete processing lines and individual components.
“This is a rare liquidation opportunity that offers late model and state of the art equipment” said David Ordon, Executive Vice President / Director of Operations-Industrial of Yellen Partners. “We anticipate interest from parties around the world.”
The assets will be auctioned off in August 2016 and are also available via private negotiated sales.
Yellen Partners, LLC is a Victory Park Capital portfolio company that is a specialized, hands-on provider of asset monetization solutions focused on the acquisition and disposition of retail and wholesale inventories, as well as healthcare and industrial machinery and equipment, for businesses seeking to continue operations or sell assets as a going concern. Core activities include sourcing, acquiring and monetizing distressed and other surplus assets through transaction strategies, including, but not limited to, retail store closings, orderly liquidations of wholesale inventories and specialty assets, as well as private treaty sales and on-site and on-line auctions.