Tiger Group accepts bids for the April 15 online auction of assets from Holbrook, New York-based embroidery and garment-printing company Gate NY, a prominent dropship location for garment distributors from across the Northeast.
Highlights of the auction include screen printing machines, flash cure units, dryers, folders, and accessories by various brands like MHM, M&R, Dane, Hix, Interchange, OYO, and NEDCO; direct-to-garment equipment from Brother; and embroidery machines and accessories by manufacturers like Barudan and Hashima.
“Embroidery and garment-printing companies are gearing up for a rebirth of live events this spring and summer as the national vaccination campaign progresses,” notes John Coelho, a senior director with Tiger Commercial & Industrial. “But brand-new equipment is taking months to ship due to disruptions in the supply chain. As a result, this online auction is particularly relevant to the needs of growth-oriented companies in this sector.”
In addition to equipment such as heat transfer presses from Stahls’ and Brother and a Roland printer/cutter, Tiger is auctioning warehouse and office assets from Gate NY’s 32,000-square-foot facility. These include heat sealers, conveyors, forklifts, air compressors, pallet jacks, dollies, and carts, as well as computers and office, reception, and breakroom furniture.
Established in 1996, full-service contract decoration company Gate NY recently discontinued its operations following its founder’s death. Gate NY decorated more than 1.5 million garments a year for major distributors like S&S Activewear, SanMar, and alphabroder. It was an authorized decorator for North Face, Under Armour, and Puma and worked on projects involving brands such as Ferrari, Ford, Pepsi, Red Bull, BBC America, Energizer, Benjamin Moore Paints, and CAT.
“This is high-quality and, in many cases, late-model equipment that could give a competitive edge to embroidery and garment-printing companies as they position themselves for the future,” Coelho adds.
How to participate in the Tiger Group online auction
Online bidding at SoldTiger.com closes on Thursday, April 15, at 10:30 a.m. ET. All bidders are required to register before the sale.
Inspection of the assets on the day before the auction is available by appointment only. To arrange an inspection, contact Tiger Group at 800-758-8443 or [email protected].
For photographs and other details on the auction and assets, visit soldtiger.com/sales/entire-textile-embellishment-facility.