Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed as sole asset selling agent for car seat manufacturer, TS Tech UK Ltd (TS Tech), in Swindon. This specialised sale presents the opportunity to acquire state-of-the-art automotive seat manufacturing equipment.
Gordon Brothers is offering the assets for sale by way of private treaty sale and an online auction sale in October 2021.
TS Tech is a Japanese manufacturer of seats for cars and motorcycles. Its Swindon-based site was the car seat supplier for the nearby Honda manufacturing plant, which permanently closed in July 2021, the same month that production ceased at the TS Tech plant.
The assets for sale will feature many specialist automotive seat manufacturing equipment and machinery including 19 robotic MIG welding cells, spin rivet machines, tube bending system, chemical foam injection, maintenance equipment and compressors.
Highlighted assets for sale include two assembly lines comprising:
§Yoshikawa hydraulic spin rivet machines
§Rail Frame marriage conclusion machines
§Pallet seat assembly
§Estic nut runners
§Atlas Copco and Yokota wireless torque wrenche
§19 robotic MIG welding cells with Panasonic and Yaskawa 6 axis robots (2007 - 2016)
§Keiyo automated tube bending and pressing system (2011)
§Ingersoll Rand ML-75 and N75 air compressor
§Link 51 pallet racking
For the full list of assets for sale, please visit www.gordonbrothers.co.uk/TS-Tech-UK
“We are excited to be appointed sole selling agent for this unprecedented sale at TS Tech UK in Swindon,” said Duncan Ainscough, Managing Director, Commercial & Industrial at Gordon Brothers. “The site presents a unique selection of car seat manufacturing equipment for purchase, and a rare opportunity for relevant companies to acquire specialist equipment at highly competitive prices.”
“Following the appointment of Gordon Brothers as the exclusive selling agent for machinery and equipment at Honda’s Swindon plant, it was a natural next step to appoint them to manage the asset sale for TS Tech’s Swindon site,” said Jeremy Baskott, Division Manager at TS Tech. “The team’s experience and professionalism has been clear from the start and we are confident that they will efficiently manage the project to its best outcome.”
For further enquires on the sales or to view by appointment, please contact Jenni Pearce via email at jpearce@gordonbrothers.com.
About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with over 30 offices across five continents.
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