Assets Of Defunct Solar Mirror Manufacturer To Be Auctioned


The Tiger Group's remarketing services division is liquidating the assets of a solar mirror manufacturing plant in the Pittsburgh area owned by the bankrupt FLABEG Solar U.S. Corp. Late-model solar glass bending and coating lines, handling and transfer systems, rolling stock, facility and office equipment are among the assets available for sale at the on-site and live webcast auction scheduled for Dec. 17. Tiger's sale is being conducted by U.S. Bankruptcy Court Order.

The 228,000-square-foot facility near Pittsburgh International Airport opened in October 2009 and was shuttered in late March following a slowdown in the solar energy sector. An involuntary Chapter 7 filing by creditors of FLABEG Solar U.S. was made in April.

Scheduled for 10:30 a.m. (ET) on Dec. 17, the onsite and live webcast auction on will offer two glass bending lines and associated handling and transfer systems; a water jet cutting system; coating and bonding lines; and facility equipment that includes a Cummins backup diesel generator, rotary air compressors and forklifts. Warehouse and support, networking and telecom equipment will also be up for bid, along with office furniture, furnishings and equipment.

For more information on the offering and details on how to schedule a site visit and bid, click here.

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