Hilco Industrial acquires all machinery and equipment from Legacy Pharmaceutical Switzerland
pharmafile | April 27, 2021 | News story | Manufacturing and Production |
Hilco Industrial Acquisitions, an Amsterdam based industrial asset disposition and acquisition company, has acquired all machinery and equipment from the Swiss-based contract manufacturing organisation, Legacy Pharmaceuticals.
After several years of expansion, the Swiss company was forced to file for bankruptcy in December 2020. After decontamination of the facility the cantonal insolvency department, Basel-Landschaft, organised a liquidation sale of all assets at the end of March 2021. It was Hilco that put forward the best offer and removal conditions and, as a result, they were awarded the acquisition of all machinery and equipment and the removal and clearance of the factory buildings.
Legacy Pharmaceuticals was a well-known and reputable CMO and service provider, specialising in fill/finish of sterile and semi-solid drug products for the global pharmaceutical industry and employed over 200 people, providing one-stop-shop services from API supply, sterile drug products filling, and secondary packaging through to shipment to clients’ distribution centres worldwide.
Darko Pepovski, Vice President Sales & Marketing of Hilco in the Netherlands, says that his challenge is to bring the production capacity back to the market and vacate the legacy facilities within the next six months and return the 27.000 m² buildings to its landlord: “To do so, we have started a worldwide marketing and sales campaign, making potential buyers in the pharmaceutical and associated Industries aware of the opportunity to acquire the excellent maintained (Swiss condition), late-model equipment needed, to increase their production capacities, especially these days of high demand for injectables due to COVID. We bring high-capacity production lines to the market, which will help to produce the increased demand for these products and fulfil the capacity needed.”
To learn more for the Legacy Pharmaceutical project, please visit www.hilcoind.com/sale/legacy
As part of US-based Hilco Global, Hilco Industrial Acquisitions provides industrial asset disposition and acquisition services, specialising in machinery, equipment, and inventory by negotiated sales and online auctions. Hilco sells a broad range of industrial assets found in manufacturing, wholesale, and distribution companies. Hilco Industrial buys and sells assets through on-site, online, and combination webcast auction sale events as well as negotiated (private treaty) sales, and handles the complete removal of the assets from the industrial facilities with its own project management team.
