Auction Set For Assets of Textile Printing Company

By order of the assignee for the benefit of creditors, Tiger Capital Group’s Remarketing Services Division and North East Printing Machinery Inc. will conduct a live webcast auction on Sept. 29 for high-speed sheet-fed presses, dye sublimation heat presses, screen printing equipment and various other production, materials handling, office and rolling stock assets that had been owned by garment industry supplier Avid Ink. The Corona-based company specialized in sublimation printing, a technology that reproduces photo-quality images on fabrics.

For about two decades, Avid Ink was a world leader in designing, creating and transferring hyper-real photographic and other images to apparel. Launched in 1997, the company initially used its sublimation and transferring technology to put designs on snowboards for a local manufacturer, but soon shifted to serving apparel manufacturers. Avid’s designs were featured on clothing sold in retailers ranging from Target and Kohl’s to Macy’s and Neiman Marcus.

Live bidding will take place from Avid’s headquarters, 231 N Sherman Ave. in Corona, beginning at 10:30 a.m. (PT) on Sept. 29. Those intending to bid online during the auction are required to register at www.SoldTiger.com . Meanwhile, pre-auction bids can be submitted online, beginning Sept. 22, at www.SoldTiger.com . Previews of the assets being offered will be held Sept. 28, from 10:00 a.m. to 4:00 p.m. (PT), at Avid’s headquarters.

“This sale represents a tremendous opportunity for textile and garment manufacturers, commercial printers and small businesses of all types,” said Jeff Tanenbaum, President of Tiger Remarketing Services. “While the company’s primary focus was on heat transfer and silk screening for printed textiles, it also produced its own commercial print products and, therefore, had equipment suitable for printers, graphic artists, and small businesses.”

Dye sublimation heat presses being offered include six Practix Manufacturing rotary heat transfer machines, with 60”, 80”, 84” and 100” belts; eight CA Attachment Co. 45” x 57” heat presses; and four CA Attachment Co. 42” x 60” heat presses.

Available screen printing equipment includes an M&R Formula 5090, 14-color, 16-station rotary silk screen; an M&R graphic screen printing system; and an M&R Chameleon six-color, four-station manual press.

Key commercial printing assets include two 2009 and 2007 KBA Rapida high-speed, sheet-fed offset presses.

Prepress, proofing and platemaking equipment include a 2009 Creo Trendsetter VLF Platesetter, an Epson Stylus Pro 9890 wide format inkjet printer, and four Roland Hi-Fi Jet Pro II digital wide-format inkjet printers. Paper cutting equipment up for bid includes a Seybold 90” cutter with micro cut program and other accessories, and a Seybold Citation 42” cutter with micro cut computer, side tables, power knife, and power back gauge

Available material handling equipment includes a Yale 4000-lb. capacity electric forklift, a 2005 Swift Multiton lift, and two Prime Mover 2,800-lb. capacity electric reach trucks. Hydraulic pallet jacks, tooling, ladders and other assets will also be offered for sale. Rolling stock includes two 2009 International 4300 trucks, a 2006 Ford Econoline E350 Super Duty Van, and a 1998 Isuzu NPR box truck.

Office equipment includes desks, workstations, filing cabinets, executive and other swivel armchairs, and other furniture. Computer and related equipment up for bid includes MacPro desktop computers, Dell PowerEdge servers, and AllWorx VOIP Phones.

For a full catalog of the items offered and details on how to schedule a site visit and bid, go to: www.SoldTiger.com .