MEDLEY, FL —The former assets of kitchen cabinetmaker Regal Kitchens will be auctioned off in an online sale (SoldTiger.com) on Oct. 17, starting at 10:30 a.m. EST. Tiger Remarketing Services will handle the liquidation of machinery and equipment, tools, office furniture and vehicles.
“Regal Kitchens made kitchen cabinetry for half a century, and the scope and scale of its metro Miami manufacturing facility was significant, with an installation cost of an estimated $5 million,” noted Jeff Tanenbaum, president of Tiger Remarketing Services, which acquired Regal Kitchen’s assets following a foreclosure by PNC Bank. “The diverse assets available in this sale represent a great opportunity, not only for large-scale manufacturers with specific M&E requirements, but also for general contractors, construction companies, offices and other businesses.”
Items up for auction include state-of-the-art pieces of machinery and equipment from Regal Kitchens’ CNC automatic cabinet-assembly line, including boring and hardware-inserting machines, an automatic glue applicator, a four-station, rotary cabinet-assembly clamp, and various conveyers and lifts. Other CNC equipment includes Homag edge banders, Biesse, Northwood and SCMI routers, along with point-to-point machining centers, a drilling/gluing/dowel machine, Selco and Giben panel saws, and a Belstrini Renzo mortiser.
Regal Kitchens was one Florida's largest cabinet manufacturers with a 170,000-square-foot facility on four acres.
In the past few months there have been several auctions of woodworking companies' assets including United Casework on Oct 2 handled by Bonnette Auctions and the upcoming auction of Trade Show Fabrications on Oct. 10-11 managed by Hilco Industrial.
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