The packinghouse, land and equipment formerly used in operations for Vidalia onion and sweet potato grower-shipper Plantation Sweets will be offered in a bank-ordered auction April 26.
The company filed for Chapter 11 bankruptcy in July 2016, claiming assets of less than $50,000 and liabilities of more than $10 million and listing an estimated 50-99 creditors, according to court documents filed at that time.
Calls to CEO Ronny Collins and his attorney, James Drake Jr., were not immediately returned March 17.
The packing facility has 94,000 square feet of controlled-atmosphere area, as well as a 13,350-square-foot shop/equipment shed. Also selling will be parcels of land ranging from 14 to 182 acres and a tract consisting of the processing equipment used in the sorting and packing of onions and sweet potatoes, according to a news release from Murray Wise Associates LLC, Champaign, Ill., one of the companies managing the auction. Crosby & Associates Inc., Winter Haven, Fla., and Woltz & Associates, Roanoke, Va., are also handling the auction.
The packing facilities and land are in Tattnall County.
“It’s very rare to see an operation of this size and quality, positioned to grow and market Vidalia onions, go on the market,” said Ken Nofziger, president of Murray Wise Associates, in the release.
The land, near Cobbtown, includes seven farms, with about 567 acres and 11 irrigation ponds totaling about 24 acres, according to the release. It has 15 pivots and two wells for irrigation.
“Historically, the operation has grown and packed not only Vidalia onions and sweet potatoes, but also watermelon, corn, cabbage and tobacco,” Ben Crosby of Crosby & Associates said in the release. “This is a turn-key operation suitable for anybody looking to expand into this niche produce market.”
The packinghouse includes 20,000 square feet of controled-atmosphere coolers and a 7,200-square-foot hydrocooling room completed in 2015.
Farming equipment and micro-bins used in the operations will be sold April 27 in a separate auction. More details are at weeksauction.com or (352) 351-4951.
Additional information also is at murraywiseassociates.com or crosbydirt.com, or (800) 607-6888.