E-commerce platform Liquidity Services has partnered with financial services firm Tiger Group to sell moulded-pulp packaging equipment from defunct manufacturer Zume.
The sale features late-model processing and packaging lines from Zume’s 70,000ft² facility in California. Other assets include industrial robots and CNC machines.
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Zume was reportedly one of the few companies in North America to manufacture leak-proof, compostable packaging out of pulp fibre.
The pulp and fibre moulding and packaging manufacturing equipment includes thermoformer presses, pulp-formers, trimmers and five complete thermoformer production lines and manufacturing centres.
Moulded fibre packaging is projected to grow at a compound annual growth rate of 7.2% during the forecast period of 2023 to 2028, driven by the surge in demand for eco-friendly packaging solutions.
Tiger Group director of business development Jonathan Holiday commented: “Green and sustainable packaging clearly is a growth sector given the increasing urgency that many countries and communities feel about combatting single-use plastic pollution.
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By GlobalData“This IP includes all the tech specs and other assets a buyer would need to hit the ground running with Zume’s process for manufacturing moulded-pulp packaging.”
Before its collapse in June 2023, Zume created a PFAS replacement for food packaging and acquired plant-based textile producer Pivot Packaging.
The sale is currently open for bidding and lots begin closing at 10:30AM (PT) on 29 June.
