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Author Archives: Barbara Levi

Partners by Joint Venture Purchases Assets Formerly Owned by Expera in Old Town, Maine

MFGR LLC, a consortium made up of CRG Acquisition, Gordon Brothers Group, Rabin Worldwide and PPL Group, announced that they have purchased the Expera Mill in Old Town, Maine. The company made the strategic decision to wind down operations late last year as it faced what it described as unsustainable business conditions. The joint venture […]

Gordon Brothers Group, Capital Recovery Group, Rabin, & PPL Purchases Assets Formerly Owned by Lincoln Paper and Tissue

BOSTON, Dec. 9, 2015 /PRNewswire/ — Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that it has purchased the assets of Lincoln Paper and Tissue as part of a joint venture that includes Capital Recovery Group, PPL Group and Rabin Worldwide. The Maine-based […]

Capital Recovery Group, Rabin Worldwide to Auction off Mastroianni Brothers Bakery in Schenectady. Auction begins November 28th

SAN FRANCISCO, Nov. 28, 2016 /PRNewswire/ — Capital Recovery Group, LLC and Rabin Worldwide will conduct a 4-day online public auction of the assets of Mastroianni Brothers Bakery in Schenectady, NY. The online auction begins November 28th and will end on December 1st. Mastroianni Brothers, a family-owned commercial bakery has closed after 93 years in business […]

Largest Auction of Fastener Manufacturing Equipment in 30 Years Scheduled for February 14 – 16 in Rockford, Illinois

NORTHBROOK, Ill., Jan. 23, 2017 /PRNewswire/ — The largest auction of fastener manufacturing equipment in 30 years is scheduled for February 14-16 in Rockford, IL. The sale was announced by PPL Group (“PPL”), which is conducting the auction jointly with Capital Recovery Group (“CRG”) and Rabin Worldwide (“Rabin”). Founded in 1929, Rockford Products became one […]

Capital Recovery Group and Its Strategic Partners to Jointly Manage Largest North American Pharmaceutical Manufacturing Asset Auctions in 2016

Series of Global Online Sales Featuring over 1,000 Lots of Former Sanofi Pharmaceutical Assets from 692,000 sq. ft. Capsule Manufacturing Plant Begins September 26. September 07, 2016 10:26 AM Eastern Daylight Time SAN DIEGO & KANSAS CITY, Mo.–(BUSINESS WIRE)–Capital Recovery Group (CRG), Heritage Global Partners (HGP), Federal Equipment Company (FEC), and PPL Group (PPL), today […]

MFGR, LLC Purchases Assets, Formerly Owned by Expera

OLD TOWN – MFGR LLC, a consortium made up of CRG Acquisition, Gordon Brothers, Rabin Worldwide and PPL Group, purchased the Expera Mill in Old Town, Maine. Bill Firestone, President of CRG, stated “We have had numerous inquiries since the former Expera Plant has been under contract with our group, including aqua culturists, transportation hubs, pulp manufacturing […]

It Was More Than a Crumby Deal…

The Challenge:  When a major CA private equity real estate investor purchased the remaining real estate and equipment assets from the Hostess Bankruptcy in late 2013 for $62.5 MM., their first hurdle was to liquidate all of the machinery and equipment in (8) commercial bakeries, (120) distribution centers, maintenance garages, and retail outlets, and 3,400 truck […]

The Need For Speed – Selling Penske Auto Service Centers

The Challenge:  CRG/Rabin was retained to thoroughly decommission 606 Penske Auto Service Centers that were attached to Kmart  department stores located throughout the United States … this entire project had a time-line of approximately 90 days.  The Project Scope ….personal property (equipment) in each and every service center needed to be sold and removed and each facility required cleanup… proceeds […]

Working for the government in a post 911 world….

Bechtel National was hired by the US Department of Defense to construct the largest mustard gas neutralization and disposal plant in the world, to be located at the Aberdeen Proving Grounds in Maryland.  The design was developed as a two phase project.  Phase II began just prior to September 11, 2001.  Following the attacks in NY, DC, and PA, the […]

Helping Rexam Make the Most of Their Machinery & Equipment

When  Rexam, a large international manufacturer of plastics products decided to close one of their facilities, they called CRG to facilitate the plant closure and liquidate the assets.  Their primary interest was to maximize their return on the assets, so that they could re-invest  in other operations. We recognized that with over 100 remaining plants worldwide, maximizing returns came […]