Paperlinx UK is well and truly dead as planning begins for a massive series of auctions to sell off hundreds assets across the country.

Items going under the hammer at four of its closed site include warehouse racking with the capacity to hold 50,000 pallets and a host of printing and finishing kit.

Administrators have commissioned auction house Hilco Industrial to sell off the more than 260 lots of equipment on May 11-13 from what was once Britain’s biggest paper merchant.

Paperlinx shares continue to rally on the ASX, reaching 3.2c so far today – the highest price since Andrew Price was sacked in February – as investors expect the profitable Spicers business to flourish without Europe dragging it down.

[Related: The ups and downs of Paperlinx]

In addition to paper stock, a range of print kit will be sold from its in-house printer including a Ryobi 522HE offset press, Polar guillotine, Duplo collator, and wide-format digital printers from Canon, HP, Mimaki and Jetrix.

Paperlinx’s extensive cutting and sheeting facilities were kitted out with multiple Strachan Henshaw and Saval sheeters, as well as Wohlenberg, Cauhé and Polar cutting kit and a 1.4m-wide Dalren industrial laminating line.

“It’s a big organisation with numerous sites, covering a variety of processes. There is some pretty specialist equipment involved,” Hilco director Ian Bacon says.

Also on sale are warehouse racks, pool tables, dart boards and a Mojo 3D printer acquired for Paperlinx 3D business set up only late last year.

The items up for auctions are conditional on any sales of Paperlinx UK businesses, with the reel paper operations sold earlier this week and reported interest in the wide format business.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter