Home » MBJ FEATURE » SemiSouth Laboratory equipment goes on auction block

SemiSouth Laboratory equipment goes on auction block

semisouth-image_rgbFor those looking to build a semiconductor and are searching for a potential great deal on some late-model manufacturing and testing equipment, there is good news coming out of the Golden Triangle.

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


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Wally Northway