More than 340 items from Pharmaceutical Packing (Leeds) Limited (PPL) are now up for sale as the company ceases to trade, with two online auctions.
Following the appointment of administrators earlier in the year and unsuccessful negotiations with a number of parties over the sale of the business, the assets of the Leeds-based print specialist are being sold.
The former Holbeck-based company, established for more than 35 years, was well respected within the pharmaceutical sector with much of their manufacturing capacity previously dedicated to the chemist and medical profession.
The business premises totalling some 30,000 sq ft provided a manufacturing facility that housed machines from global manufacturers including ABG, Webmaster, Edale and Arsoma.
A full range of storage, handling and support equipment were utilised throughout the process.
Asset advisory firm Walker Singleton, which is hosting the online auctions, has invited bids on the company’s stock and operational equipment following the appointment of administrators.
The auctions comprise equipment such as two Martin Automatic automated butt splicers, an ABG slitter rewinder machine, and a ABG Vectra ECTR 430 4 spindle turret.
Lots also include £100,000 of printing stock and materials, such as reels of paper ranging in grade, size and colour, as well as printing inks and label adhesives.
Walker Singleton director, Stephen Jones, said: “While it is a loss to the printing industry and another casualty of the manufacturing sector, we are confident that the assets we are offering for sale by auction will allow other firms to benefit and invest in newer, larger capacity equipment.
“Due to the finality of the operation, all assets will be offered for sale including the raw material and finished goods.
“The company have a stock holding of quality products supplied from European and UK manufacturers and we would recommend all interested parties to view the facility and see for themselves the standard and variety of items available.”
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