Tiger Group and Perry Videx Sell Equipment to Recycling and Waste-Disposal Companies
AUG 9, 2022 - 7:25 am
Recycling and waste-disposal companies can acquire shredders, incinerators and other useful machinery and equipment in an immediate sale by Tiger Group and Perry Videx.
The assets come from Aemerge RedPak’s former medical-waste treatment facility in the city of Hesperia, CA. Opened in 2017, the plant destroyed and sterilized medical waste, converted it into clean energy and diverted up to 95% of treated waste from landfills.
“While the company encountered financial difficulties, its relatively new equipment continues to perform well and is available at a fraction of the original cost of investment,” John Coelho, senior director at Tiger Commercial & Industrial, said.
“The sale features a thermal oxidizer and patented carbonizer incineration system, along with more general plant support and material handling equipment, such as an air-quality control system, an air compressor, a diesel generator and a forklift,” Gregg Epstein, president and CEO of New Jersey-based Perry Videx, said. “The four-shaft industrial shredder — an Untha RS 100-1200-110 — is a highlight of the sale. It can handle all forms of recycling — metal, plastic and paper — and is a powerful piece of high-utility equipment.”
As operated by Aemerge RedPak, the patented system processed organic waste in a negative-pressure, no-oxygen environment with high heat, leaving just three sterile co-products: synthesis gas, which the company captured and converted to clean energy; treated glass and metals, later recycled; and carbon char, repurposed as alternative fuel.
“That’s how the plant managed to divert from landfills 95% of the waste it treated,” Epstein said. “A buyer could take this same approach by acquiring these related systems. However, each system is useful in its own right. The carbonizer, for example, burns at 1,450 degrees Fahrenheit and is a potential centerpiece for any medical or general waste incineration operation.
“Incineration creates gases that need to be further treated in order to allow them to go into the atmosphere. In this case, the process was clean enough to win approval from the California Department of Public Health and the Mojave Desert Air Quality Management District. As the saying goes, ‘If you can get it approved in California, you can get it approved anywhere.’”
Other significant assets available in the sale include:
An Eriez metal separator
A 250-kilowatt backup diesel generator
A motor control center and switchgear
A continuous emission monitoring air-quality control system
A 12’ x 100’ horizontal belt furnace
A heat recovery steam generator
A high-capacity dust collection system
A lime silo
Infeed conveyors and elevators
An emergency flare
Plant utilities available in the sale include a vertical reciprocating conveyer, knife gate valves and articulated screw conveyors.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Bankruptcy filing statistics are important, but they only scratch the surface when it comes to assessing overall trends in the world of distressed businesses. Gregg Morin identifies some of the other metrics that matter and delves into what they’ve shown... read more
Deborah Baker faced a dilemma the summer before she began college. She was all set to work alongside her best friend at Ponderosa Steakhouse when her mother, who worked for AT&T Capital, arranged a summer contracting position for her. Baker... read more