Life Science Leader: Shuttering a Manufacturing Plant Doesn’t Have to Be Painful
My Life Science Leader article How to Maximize Returns and Minimize Damage When Closing a Manufacturing Plant is a high-level, step-by-step guide to closing down a plant.
Closing the doors on a business, shutting down a manufacturing plant isn’t something any one likes to think about, but the fact is with the constant downsizings, plant closings, and mergers and acquisitions activity, billions of dollars in real estate and laboratory, manufacturing and packaging equipment gets decommissioned, redeployed or sold every year.
There is an upside to this: the used equipment industry is booming and market prices are strong. Laboratory and analytical equiopment is one of the fastest-growing categories of preowned equiopment. Manufacturing developed real estate is also hot.
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Special thanks to Matt Hicks at Federal Equipment, Matt Smith at EquipNet, Randy Small at GoIndustry DoveBid for their help on this article.
