Loeb Winternitz Successfully Sells the Assets from the Wisconsin Facility to Strategic Buyer
Loeb Winternitz Industrial Auctioneers is pleased to announce that the assets from Imperial Mills LLC Platteville Gluten-Free flour and bake mix milling and packaging facility has been sold as a complete operation. As a result, the piecemeal equipment auction planned for October 28th was cancelled. The strategic buyer is now in the process of moving the entire operations to their existing facility. The move should be completed within the next few weeks, and have the operations up and running by the end of the year.
“The negotiations took place in a very narrow time frame prior to the equipment auction, and we were not confident a deal could be struck,” stated Charles J. Winternitz, President of Loeb Winternitz Industrial Auctioneers. “With only a couple hours remaining before the equipment auction was to begin, we were finally able to find middle ground and facilitate a complete purchase to the satisfaction of all the participants.”
Loeb Winternitz was able to fully prepare the site for auction while simultaneously working with Imperial Mills LLC to negotiate the sale of the facility as a whole.
