Purchased and sold a textile manufacturing facility in a large, multi-asset transaction.
By The Numbers
When Propex Global, a worldwide geotextile manufacturer, decided to close its 913,000 square foot production facility in Georgia, we were able to acquire and dispose of the whole package of assets, including real estate, looms, and extrusion equipment. We felt comfortable taking on capital risk due to our experience in successfully completing multi-asset transactions in the past.
After purchasing the 164 acre facility, we utilized our global network of buyers to sell hundreds of pieces of manufacturing equipment, machinery, and real estate assets within six months. By closing the facility and receiving an immediate payment for the assets, Propex was able to have certainty of the outcome and focus resources on the remaining areas of its business.