SemiSouth Laboratory equipment goes on auction block
Published: March 29,2013
Need a NTA Vibration Table, a late-model Centrotherm Activator 150-50 Anealing Oven, a Aixtron Model VP2400HW Gas Foil Rotation Planetary Reactor? No problem. And, they can be purchased without even leaving the house.
On April 4, an auction will be held for the equipment and testing assets of now-closed SemiSouth Laboratories, a silicon carbide (SiC)-based semiconductor manufacturer that sprang from Mississippi State University but was recently shuttered. The auction, which will begin at 10 a.m., will be held in Starkville, but will be webcast, as well.
San Diego-based Heritage Global Partners and The Branford Group of Branford, Ct., are the auction/valuation companies charged with selling SemiSouth’s idled assets
“We have gotten a lot of inquiries – a lot of interest is being expressed in the sale,“ said Craig Thompson, director of sales at Heritage Global Partners.
Thompson said he could not forecast how many bidders might take part in the auction, pointing out that The Branford Group has also been receiving inquiries, and there was no way to predict the number of online bidders the sale could attract.
Thompson said the majority of bidders would participate online.
The two companies are offering a more attractive buyer’s premium to online bidders. Internet bidders will be offered a discounted 18 percent buyer’s premium for paying via cash, cashiers check, company check or wire transfer, or 21 percent for any buyers paying via credit card.
Onsite buyer’s discount in both categories will be 15 percent and 18 percent, respectively.
Thompson said one reason behind the large number of inquiries is that much of the equipment is relatively new. SemiSouth, which was founded in 2001 at Mississippi State University, expanded in 2010 and 2011, after being purchased by Power Integrations of San Diego, and on both occasions purchased and installed new equipment.
“There are going to be some great deals on some late-model equipment,” Thompson said.
Thompson said the value of the assets to be sold has been calculated, but he could not comment on it.
A staff member with The Branford Company said she thought her firm would not comment at all on the auction, but promised a return call from someone with the firm. That call had not been received by press time.
An earlier statement from Branford president William Gardner, however, did at least address who the potential buyers might be. Gardner said, “The SiC materials and electrical components being sold via our global webcast are ideal for high-power, high-efficiency, harsh-environment power management and conversion applications. Typical applications range from power conversion to variable-speed drives to high-power, harsh-environment military and aerospace applications.”
More than 100 items will be up for auction, ranging from high-tech items such as lab equipment, evaporators, reactors to ladders, toolboxes and workbenches.
An inspection/preview of the items will offered April 3 from 9 a.m. until 4 p.m.
The equipment remains housed in SemiSouth’s former facility at 201 Research Boulevard in Starkville.
For a complete list of items to be offered, visit www.thebranfordgroup.com.
>>CONTINUE READING High-tech manufacturer SemiSouth Laboratories closes after decade-plus run
To sign up for Mississippi Business Daily Updates, click here.
One Response to “SemiSouth Laboratory equipment goes on auction block”
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Terminal upgrade on indefinite hold at Jackson International Airport
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Report ranks state schools' performance 51st in the nation
- CFPB wants repay ability at center of new payday loan rules
- Two new casinos like the odds on Mississippi Gulf Coast
- Hosemann to launch crowd funding program