Following the administration of NSW wide format print house, Craftech, its administrators from O’Brien Palmer have put the former’s wide format assets back online for auction at Liquid Asset Management.
A number of Craftech’s wide format printing presses and equipment were initially placed for auction at Liquid Asset Management before O’Brien Palmer held a creditors meeting on September 4 in Sydney to evaluate the proceedings for Craftech.
However, within a matter of just days, the online auction was postponed due to the administrators of O’Brien Palmer considering offers for the entire business of Craftech.
The postponed auction is now back on again, with the online auction proceed until 23 September, at 12pm.
Liquid Asset Management managing director Neil Schiller said, “the online auction was initially taken offline as the administrators had been approached by some people to acquire Craftech, but they were unable to reach an agreement. So, they proceeded to sell the equipment by auction again”.
The list of equipment for auction include:
- A 2014 Oce Zund ProCut 2XL-3200 G3 CNC Flatbed Cutter
- Two Oce Zund ProCut 2500L G3 CNC Flatbed Cutters (one router)
- A 2014 Oce Arizona 6170XTS UV 7 Colour Flatbed Printer
- A 2011 Oce Arizona 550XT + W10 UV 5 Colour Flatbed Printer
- A 2018 Trotec Speedy 400 Laser Engraver Machine
- A 2017 Pro-Pac Packaging EXP-108 Pre-Stretch Pallet Wrapper
- A 2012 Mistral M1650 Vertical Flow Single Sided Laminator
Other products available for auction include pre-press and post-press equipment, a HP Latex 360 64-inch printer, a forklift, a heat shrink wrapper, dust filter, and pallet racking.
“The two flatbed printers – the Oce Arizona 6170XTS UV 7 Colour Flatbed Printer and the 2011 Oce Arizona 550XT + W10 UV 5 Colour Flatbed Printer – are regarded as the best-in-class by the industry,” Schiller told Sprinter.
“The flatbed cutters – the 2014 Oce Zund ProCut 2XL-3200 G3 CNC Flatbed Cutter and the Two Oce Zund ProCut 2500L G3 CNC Flatbed Cutters (one router) – as well as the fairly-modern 2018 Trotec Speedy 400 Laser Engraver Machine are considered Tier 1 assets within the industry as well.
“All the equipment was up and running until recently, and within days of going into administration from trading, so they should be highly sought after.”
Interested parties can inspect the equipment on 15 September, between 10am and 12pm or on 22 September, between 10am and 12pm as well. Liquid Asset Management highly recommends inspecting the assets prior to bidding, as no refunds will be given.
“If someone from interstate is unable to inspect in person and makes the appropriate arrangement, we’ll endeavor to help them out through video conferencing; we’ll knock as many barriers as possible for people interstate,” Schiller said.
“The response, so far, has been solid with interest from locals and interstate. Equipment of this nature rarely comes onto the market so it represents a good opportunity for printers to buy good modelled, quality, Tier 1 assets in the secondary market.
“They would be able to utilise the government-instigated instant asset write-off for purchases and the buyers’ premium is significantly larger than what would be on equipment of this nature as well. In theory, it should be cheaper across the board.”
Interested parties need to register online at Liquid Asset Management to be able to bid on the equipment.
All goods purchased through the online auction must be paid for by 25 September, at 4pm.
Goods from the auction are pick-up only and the equipment will be made available from Craftech’s premises at Unit 18, 167 Prospect Highway, Seven Hills NSW 2147.
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