Yeaman Machine Technologies Seeks Acquiror via §363 Bankruptcy Sale

Elk Grove Village, IL (Cook County)

Yeaman Machine Technologies
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,740,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2000

Yeaman Machine Technologies Seeks Acquiror via §363 Bankruptcy Sale

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Business Description

COMPANY OVERVIEW
Yeaman Machine Technologies, Inc. (“Yeaman” or the “Company”) is a packaging machinery manufacturer and refurbisher with nearly 20 years of industry experience. Yeaman’s client base consists of manufacturers and co-packers of candy, pasta, dried fruit, nuts, flour, sweetener, dried pet food/treats, kitty litter, fertilizer and grass seed, to name a few. Machinery and equipment produced include long-cut volumetric fillers (primarily for pasta), vertical, horizonal and hand-load cartoners, rigid container fillers, pouch, fill and seal machines, case packers, conveyors, settlers, tilt tray conveyors, volumetric cup fillers, center product transfer ovals and collation systems. Yeaman’s machinery is designed to be modular, allowing the packaging line(s) to accept a wide range of auxiliary tie-ins, such as code daters, coupon feeders, pour spout applicators, net weight scales and more. 3D CAD drawings of all machinery and equipment are available. Yeaman operates from a leased facility in Chicago, IL and serves customers throughout the United States.

CURRENT SITUATION
On March 6th, 2019, Yeaman filed for Chapter 11 bankruptcy protection as part of a coordinated plan to sell the business for the highest and best value via a Chapter 11 §363 sale (Case # 1:19-bk-05932). Three Twenty-One Capital Partners (3-21) has been retained as the exclusive investment banker representing Yeaman in the sale of their
business. A proposed sale motion with stalking horse bidder has been filed with the U.S. Bankruptcy Court in Northern Illinois. Subject to court approval, the bid deadline will be May 2nd, 2019 and the §363 auction will be held on May 9th, 2019. 3-21 is prepared to facilitate overbidding for qualified, interested parties.

PROCESS
To receive the Confidential Information Presentation, please complete and return a signed Confidentiality Agreement (CA) on the next page to: ca@321capital.com or fax #: 443-320-9225.

FOR MORE INFORMATION
Please contact Devin Hudgins by email at devin@321capital.com.

Attached Documents


Detailed Information

Location:
Elk Grove Village, IL
Facilities:
• 3D CAD Drawings Available for all Machinery
Competition:
• Blue Chip Customer Base
Growth & Expansion:
• Easily Absorbed into Existing Manufacturing Plant
Business Website:
http://321capital.com/active-deals/
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Erv Terwilliger

Business Listed By:
Erv Terwilliger

Three Twenty-One Capital Partners

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