Tiger Group Sets Online Auction for Assets of Plastics Paint

|Jul 8|magazine7 min read

GRAND RAPIDS, Mich., July 8, 2020 /PRNewswire/ -- Tiger Group will begin accepting bids on July 14 for a live online auction of selected assets to the continuing operations of Spectrum Cubic (a subsidiary of Spectrum Industries), a graphic decorating and painting company that services the plastics industry.

The auction, which gets underway at 10:30 a.m. (EDT) on July 21 at www.bidspotter.com, will feature Fanuc 710i and P-250 IB robots, a complete paint kitchen including 140 gallon day tanks, agitators, catalyst tanks with pumps, glutton pumps, spray booths. A wide variety of plant support equipment, as well as a parts conveyor, forklifts, racking and other materials handling items will also be offered at auction.

Other key assets include a nitrogen generator, curing ovens, stainless steel parts washers, a UV curing system, hydro-graphic coating lines, a Ransburg RCS 2 two-component paint mixing system, an RO system, a thermo-oxidizer, a complete paint kitchen, stainless steel paint pots, and a freight elevator.

"This sale presents a rare opportunity for painting and finishing companies, process companies, metal finishing, production finishing companies and others to acquire a wide array of well-maintained equipment at auction prices," said George Laidlaw, Director of Business Development at Tiger's Commercial and Industrial division. "Notably, the facility's state-of-the-art paint robots can be repurposed for material handling or other applications, while its plant support and materials handling equipment is also suited to multiple industries."

Located at 13 McConnell St., SW, the 83,000-square-foot building is being redeveloped into office space by Grand Rapids-based Spectrum Industries.  Operating multiple facilities in the Grand Rapids area, the privately held, second generation company employs nearly 300 people focused on the application of functional and decorative finishes to supplied metal and plastic components for numerous OEM markets.

"Spectrum is divesting from its traditional Hydro Graphics decorating technology to focus on RAYN Technology for applications in the interior automotive, large truck, office furniture and point of purchase product lines," said Laidlaw. "Tiger is pleased to have been selected by Spectrum to assist in the sale of its excess machinery and equipment." 

To view the assets being offered, visit www.SoldTiger.com.  All bidders must register in advance of the July 21 auction at www.bidspotter.com.

The assets may also be previewed by appointment only on Monday, July 20, from 9:00 a.m. to 5:00 p.m. (EDT) at 13 McConnell St. SW, Grand Rapids, Mich. To arrange an appointment, contact George Laidlaw at: 616.481.1875 or [email protected]

Media Contacts: At Jaffe Communications, (908) 789-0700. Elisa Krantz, [email protected], or Bill Parness, mailto:[email protected].

At Spectrum Industries, (616) 485-4376, Kevin Bassett, [email protected]

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SOURCE Tiger Group