Hilco Global Partners with The Branford Group and North East Printing Machinery in a Multi-Million Dollar Acquisition of Edwards Brothers Malloy Printing Assets

NORTHBROOK, Ill., June 28, 2018 /PRNewswire/ -- Hilco Industrial and Hilco Receivables, both units of Hilco Global (www.hilcoglobal.com), announced today that they have acquired the extensive assets of the Edwards Brothers Malloy Printing Company.  The multi-million-dollar acquisition deal is a joint venture between the Hilco Global operating companies, The Branford Group (www.thebranfordgroup.com) and North East Printing Machinery (www.nepminc.com).  The transaction is the result of the recently announced closure of the venerable Ann Arbor, Michigan based printing company, Edwards Brothers Malloy, which was founded over 125 years ago.

The privately held Edwards Brothers Malloy had been one of the top 100 printers in the nation with sales topping $100 million.  The family run business was financially challenged recently with mounting pension obligations and ongoing industry shifts in book manufacturing, from longer-run offset processes to "on-demand" and, "book-of-one" digital book printing and warehousing/distribution models.

"Edwards Brothers Malloy was one of the premier companies in the publishing and printing industry and the assets that have become available are highly desirable," said Steve Wolf, CEO of Hilco Industrial.  "Edwards Brothers Malloy recently invested in state-of-the-art equipment as it geared up to add new revenue streams - including commercial; in-plant; digital production and wide-format inkjet; packaging; garment; textile; industrial printing and more," said Wolf.

Top quality assets will be available for sale including numerous offset printing presses, sheetfed presses, digital printing presses, binders, and a state-of-the-art computer-to-plate line that laser inscribes book content to aluminum plates.  Recognized and highly desirable book printing presses made by Timson and several Muller Corona perfect binders are just some of the assets expected to move very quickly. 

The assets will be sold through a series of four sales and will be one of the largest sales in the industry in over 30 years. The first sale is a Sealed Bid Sale of the IP and strategic digital printing operations. The bid deadline for this phase is July 2, 2018. The second sale will be an online auction of the machinery & equipment at four digital printing operations. This sale will close on August 1, 2018 at 10:00 AM ET. A second online auction will be held September 10 ? 12 and will feature the offset, digital and sheetfed operations at the company's facility in Lillington, North Carolina. Finally, the fourth sale will be a live, webcast auction sale of the Ann Arbor, Michigan printing operation.

Phase 1 will begin immediately with marketing the M&E, inventory and IP to bulk and component strategic buyers on a negotiated sale basis. The second phase will be through private treaty sales in parallel with preparations for auction(s) of the remaining M&E. The size, type and scope of the auction events will be dictated by the success of first phase with the entire process expected to take 120 to 180-days.  "There has already been a great deal of interest in these assets from strategic players in the industry, so the sale is expected to move quickly," said the JV Spokesperson. 

Some of the intellectual property assets for sale include trademarks, service marks, trade names, slogans, logos, domain names, customer lists and data-bases, source code for cutting edge online print management software, marketing materials, ecommerce platforms and collateral materials will all be sold.

The JV Partnership group of Hilco Global, The Branford Group and North East Printing Machinery were successful at acquiring the assets and are best-in-class when it comes to selling printing and publishing assets.  Collectively the JV Group has valued and monetized billions of dollars of industrial and commercial printing, publishing and book manufacturing equipment and IP around the world using a combination of private treaty sales, live, webcast auctions and online auctions. All the assets can be viewed online at www.hilcoind.com or www.thebranfordgroup.com. Inspections are available at all locations by appointment only.   Inquiries should be directed to Mr. Joe Koravos at [email protected]. 

ABOUT HILCO GLOBAL:  Hilco Global (www.hilcoglobal.com) is a privately held diversified financial services company and the world's preeminent authority on maximizing the value of assets for both healthy and distressed companies.  Hilco Global operates as a holding company comprised of over twenty specialized business units that work to help companies understand the value of their assets and then monetize that value.  Hilco Industrial (www.hilcoind.com) provides industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. The company sells a broad range of industrial assets found in manufacturing and commercial businesses. Hilco Industrial buys and sells assets through live, on-site, webcast auction sales, online auctions, and negotiated (private treaty) sales.  Hilco Receivables (www.hilcoreceivables.com) specializes in distressed debt monetization and valuation services, including commercial and consumer underperforming or non-performing accounts receivable and loan portfolios. Hilco Receivables is available to acquire debt using its own capital.

ABOUT THE BRANFORD GROUP:  The Branford Group (www.thebranfordgroup.com) is a global industrial auction and valuation business with proficiency across a wide array of industries, and the unparalleled expertise to match buyers and sellers around the world.  For more than 20 years the Branford Group has aligned surplus industrial machinery, equipment, turn-key manufacturing facilities, real estate, intellectual property, and inventories with qualified buyers.

ABOUT NORTH EAST PRINTING MACHINERY: Since 1982, North East Printing Machinery (www.nepminc.com) has been servicing clients around the world. NEPM services all aspects that pertain to the trading of high-quality, used graphic arts equipment.  The company is experienced in both sheet fed, and web fed offset equipment, all type of bindery, finishing and converting machines, digital presses and electronic pre-press equipment.  Clients come from commercial printers, packaging printers, newspapers, trade bindery and converters, digital print operations and much more. 

NEPM provides many solutions including leasing/sales, repossession, remarketing, appraisal, warehousing or inventory management services.   

SOURCE Hilco Global