Federal Equipment Company Hosts Four Consecutive Auctions of Cannabis and Pharmaceutical Equipment

March 12, 2020 PR-M03-20-NI-021

  • The auctions will take place weekly from March 17 through April 8

  • Cannabis and pharmaceutical lab, process, and packaging equipment

  • Assets highlighted for each auction

  • Bidders can access each auction online

CLEVELAND, OHIO – Federal Equipment Company, a reliable resource for pharmaceutical processing and equipment, will host four consecutive weekly auctions for the sale of cannabis and pharmaceutical lab, process, and packaging equipment over the coming month. Online bidding will take place for each auction. 

The first auction, featuring surplus pharmaceutical processing and support equipment, will take place on March 17, 2020, in Huntsville, Alabama and will be held in conjunction with Capital Recovery Group (CRG), Heritage Global Partners, and PPL Group LLC. Asset highlights include a 2015 Gemco 150 cu. ft. Stainless Steel Double Cone Blender.

From March 18 to 24, 2020, Federal Equipment Company will host a pharmaceutical processing and packaging equipment auction in Cleveland, Ohio with The Proxio Group, Ltd., featuring over 200 lots. Inspections will take place by appointment only.

On March 30 – April 2, 2020, interested parties can bid on equipment originally owned by a major cannabis company. Held in Quebec, Canada with The Proxio Group, Ltd., the auction features assets including an Unused Capmatic Monobloc Synergy Patriot Model FCL Filler Line and an Eden Extraction Unit.

The final auction, taking place on April 7–8, 2020, will feature surplus pharmaceutical tablet and capsule production and packaging equipment from UPM Pharmaceuticals, an award-winning CMO. The auction will be held in Bristol, Tennessee in conjunction with Heritage Global Partners. Asset highlights include a Heritage Qualicaps LiqFil Super 40 Capsule Filler.

To view Federal Equipment Company’s auctions, visit:

https://fedequip.com/current-auctions

Nice Insight

Nice Insight, established in 2010, is the research division of That’s Nice, A Science Agency, providing data and analysis from proprietary annual surveys, custom primary qualitative and quantitative research as well as extensive secondary research. Current annual surveys include The Nice Insight Contract Development & Manufacturing (CDMO/CMO), Survey The Nice Insight Contract Research - Preclinical and Clinical (CRO) Survey, The Nice Insight Pharmaceutical Equipment Survey, and The Nice Insight Pharmaceutical Excipients Survey.

Federal Equipment Company

Federal Equipment Company buys and sells used process and packaging equipment for pharmaceutical, chemical, food and beverage, plastics, rubber, and many other process industries. We stock 1000's of pieces of equipment covering 275 distinct categories. Used equipment from Federal Equipment Company offers several opportunities for cost savings including purchase price savings, lead time savings, and reduced depreciation values. Sourcing used equipment provides additional value by providing flexibility to your equipment supply, reducing supply chain risk and providing reliable processing and packaging equipment from quality manufacturers at reasonable prices.

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