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McClatchy-Tribune  02/24/2014 8:03 PM ET
Massive auction set for Campbell Soup factory equipment [The Sacramento Bee :: ]

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Feb. 24--The owners of the Campbell Soup Co. factory will start auctioning off millions of dollars worth of equipment Tuesday as they gear up to redevelop the sprawling site in south Sacramento.

Hackman Capital Partners and Rabin Worldwide will begin the three-day auction at 10 a.m. at the Franklin Boulevard facility. The inventory is worth an estimated $6 million to $8 million, said Shira Weissman, chief operating officer at Rabin.

Hackman, Rabin and a third firm, Capital Recovery Group, bought the 129-acre site in December, about five months after the 66-year-old plant closed.

Ryan Smith, vice president of asset management at Hackman, said the auction is needed to prepare the site for potential tenants. "First and foremost is getting the equipment out of there," he said.

Smith said the site, renamed Capital Commerce Center, has already drawn interest from manufacturers, retailers and other potential tenants. Two manufacturers have toured the facilities.

The auction, meanwhile, is drawing interest from around the world, thanks to the sheer volume of equipment and the fact that it's in good condition.

"Because it was Campbell, it was maintained very nicely," Weissman said. "This (plant) was functioning until the very last day."

The auction will be conducted online and in person, she said.

Items for sale include canning and bottling lines, boilers, air compressors, electrical systems, giant stainless steel kettles and more.



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