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Giles Foods Bakery Closure - Case Study - Food Processing

CHALLENGE

Warburton-owned Giles Foods, bread and pastry manufacturer announced the closure of their Milton Keynes plant in 2017. The client needed to dispose of a large bakery facility ahead of a deadline to allow rectification of dilapidations.

SOLUTION

Eddisons CJM approach included the sale and disposal of the large, complicated process plant through auction and private treaty.

Assets included:

  • Rheon/Konig/Mecatherm Artisan Bread Line
  • Minipan Sheeted “Thins” Line
  • Spiral Freezers & Cold Stores
  • Rotary Ovens
  • Containerised Boiler System
  • Silos, Sieves, Fat Stripper, Rack Washer
  • Factory Plant & Equipment
  • 5700+ Bakers Trays & 200+ Plastic Pallets

 

Time was restricted as there was already a date agreed with the property agent to clear the site.

RESULTS

Eddisons CJM was able to secure a negotiated sale with the new tenant who agreed to buy the contents of the whole plant.

Instead of going through the auction route, the private treaty sale included the negotiation of the lease and contents of the factory.

The project was completed two weeks before the deadline, which allowed the client to save on dilapidation costs.

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