AeroFarms will be auctioning key assets out of its vertical farming facility in Newark as part of the company’s restructuring efforts.
SecondBloom Auctions was chosen to manage the auction.
The online auction will include specialized agriculture equipment and will run through Sept. 18, with asset removal required by Sept. 28. It will include items such as lighting systems, automation technology, racking and more from AeroFarms’ 212 Rome facility.
“We look forward to leveraging our expertise to ensure a smooth transition that maximizes value for AeroFarms’ stakeholders,” Chris Lange, CEO of SecondBloom Auctions, said. “Interested parties can learn more about the auction at www.secondbloomauctions.com.”
In April, AeroFarms announced that it was moving all operations from its Newark facility to its state-of-the-art facility in Danville, Virginia. With the transition to Danville complete, the assets in the Newark facility are now available for sale through this auction.
AeroFarms representatives will be onsite at the 212 Rome facility during the preview days Sept. 7-8 to showcase assets and assist potential bidders. Interested bidders are required to fill out the advanced viewing form on SecondBloom Auctions’ website under the auction lot they are interested in.
The AeroFarms team also will coordinate and oversee the asset removal by winning bidders.