Receiver looking for buyer for closed plant
Receiver Grant Thornton has placed the assets of Pure Energy on the market in hopes of finding a buyer for the closed manufacturing facility.
© Darrell Cole – Cumberlandnewsnow.com
Pure Energy, which closed its doors in May, will remain shuttered while receiver Grant Thornton tries to sell the manufacturing facility and its assets.
AMHERST – A shuttered Amherst battery manufacturer will remain closed as its receiver tries to find a buyer.
Receiver Grant Thornton ran a quarter-page advertisement in the Sept. 27 edition of the Amherst News seeking offers on the Pure Energy building and land, manufacturing equipment, patents, inventory and miscellaneous equipment including tools and other items.
“There were some former investors that were interested in trying to operate it during the receivership, but they never really came to the table with a deal,” receiver Peter Wedlake said. “We got court appointed late last month and we are now offering the assets for sale.”
Wedlake said a bidder can buy the assets as a block and ideally reopen the facility. He said there are some parties that have an interest in doing that, but he said someone could purchase some of the assets.
The deadline for bids is Oct. 30 after which Wedlake said they will be evaluated. If no bids are acceptable, the receiver will continue to seek expressions of interest in the assets.
Wedlake, the senior vice-president with Grant Thornton in Halifax, said it would probably take a week or so to evaluate the bids.
The Amherst manufacturer closed its doors in May, putting approximately 20 employees out of work.
Pure Energy opened in the former Leaf Confectionary building in the mid-1990s. The company manufactured rechargeable alkaline batteries for markets in Canada, the United States and Europe.
It was purchased several years ago by Colorado-based Wild Charge.