Tiger Group Hosts Immediate Sale of Gate NY Equipment
Tiger Group, New York City, is now selling the remaining equipment assets from Gate NY, Holbrook, N.Y., formerly a major drop-ship location for garment distributors in the Northeast.
“The supply-chain crunch means that companies in the garment-printing and embroidery business are often being forced to wait months for newly purchased equipment to arrive, potentially complicating their plans for growth and expansion,” says John Coelho, a senior director with Tiger Commercial & Industrial. “This sale by Tiger Group is an incredible opportunity for these companies to immediately acquire selective groupings of high-quality assets at a competitive value.”
Items for sale include screen-printing machines, flash cures, dryers, folders and accessories by the likes of MHM, Dane, M&R, Hix Interchange, NEDCO and OYO; embroidery machines and accessories from Barudan and Hashima; direct-to-garment printing and pretreatment equipment by Brother and Schulze; heat-transfer presses by Stahls and Brother; a Roland printer/cutter; and various material-handling and plant-support assets.
“It’s important to note that this is not an auction,” Coelho says. “The assets on offer here are available in a negotiated sale. They may well go to a single motivated buyer, but Tiger Group will entertain offers for the purchase of large groupings of significant assets as well.”