Hilco Industrial Takes Over All Machinery & Equipment from Legacy...

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Hilco Industrial Takes Over All Machinery & Equipment from Legacy Pharmaceutical

Pharma Tech Outlook | Tuesday, May 04, 2021

Hilco Industrial Acquisitions acquires all Machinery and Equipment from the Swiss-based CMO Legacy Pharmaceuticals.

FREMONT, CA: Hilco Industrial Acquisitions, an Amsterdam-based Industrial Asset Disposition and Acquisition Firm has acquired all Machinery and Equipment from the Swiss-based CMO Legacy Pharmaceuticals. The Swiss group was had to file for bankruptcy in December 2020 after many years of growth. The Cantonal Insolvency Department Basel-Land arranged a liquidation sale of every property at the end of March 2021, after the facility was decontaminated. Hilco presented the best bid and disposal terms. As a result, they were granted the acquisition of every Machinery and Equipment and the Removal and Clearance of the factory buildings.

Legacy Pharmaceuticals was a popular and respected contract manufacturer and service provider (CMO) specializing in the fill/finish of sterile and semi-solid drug products for the global pharmaceutical industry, employing 200+ people and offering one-stop-shop services ranging from API procurement to Sterile Drug Product filling and secondary packaging to shipping to client's distribution centers 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. 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 fulfill the capacity needed.

Hilco Industrial Acquisitions, a subsidiary of Hilco Global, offers disposition and acquisition service of industrial assets, specializing in machinery, equipment, and inventory through negotiated sales and online auctions. Hilco buys and sells a wide variety of industrial assets available in manufacturing, wholesale, and distribution organization. Hilco Industrial purchases and sells assets through on-site, online, and combined webcast auction sale activities, and negotiated (private treaty) transactions, and manages the asset removal from industrial sites with its project management team.

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