Recycling Product News Logo

Assets from bankrupt ECS Recycling e-waste plant sold at auction

Facility assets purchased by 67 buyers from North America

Assets from bankrupt ECS Recycling e-waste plant sold at auction

More than 95 percent of assets have been sold by Tiger Group and partners Aaron Equipment, Rosen Systems and Perry Videx in a recent online auction for the assets of bankrupt e-waste recycling specialist, ECS Refining's former multi-medium recycling plant in Stockton, California.

The event drew 202 registrants from the U.S., Canada, the Dominican Republic, Guatemala, Ireland, Jordan, Mexico, Romania, Trinidad and Tobago, and United Arab Emirates. In the end, the 262,000-square-foot facility's assets were purchased by 67 buyers from the U.S., Canada and Mexico.

"We were very pleased with the results, with the number of registrants, the sell-through percentage and revenues all exceeding our expectations," said John Coelho, Senior Director at Tiger Group. "Given current challenges in the recycling market,  we were extremely satisfied with the level of participation from both end-users and dealers. Any remaining assets will be disposed through private sales."
He went on to note that facility's most valuable asset, an e-waste line, was offered to buyers on  both a bulk and piecemeal basis. "This generated significant bidding. In the end, the bulk buyer prevailed, delivering a higher price than the piecemeal bidders combined. The buyer will be reassembling the line in their East Coast facility," Coelho said.  

ECS filed for Chapter 11 bankruptcy protection in 2018 and subsequently closed Stockton and two other plants across the country. The Stockton facility included process lines for e-waste, TVs, glass and wood, along with forklifts, electric walk/ride low-lift pallet trucks and other material-handling equipment, office furniture and equipment. 

More from Industry News

Sponsored Brought to you by: Van Dyk Recycling Solutions Logo

Experience in paper sorting

It's harder than ever to get clean paper. But we've been successfully sorting paper on the front end with optical sorters since 2005. Why have we been so successful? Because we know it's not JUST about the optical. We focus on your entire operation, so you make the most of your fiber line. Is your optical sorter living up to its potential? Call us at 203-967-1100 for a free system evaluation.

Learn more

Get our newsletter

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

Get our newsletter