When American retailer Montgomery Ward went into bankruptcy after 128 years of business, Rabin was called in to liquidate the assets.
Who says you can't buy dreams? Rabin auctioned assets from the U.S. Space Camp, NASA Ames Research Center in 2003. Rabin also expands to Asia-Pacific with liquidation and auction of the Kraft chewing gum factory in China.
2004 was a busy year for Rabin. We handled the sale of multiple food and cosmetic factories for Colgate and Proctor & Gamble in UK, Mexico and Argentina. We sold $30 million worth of pipe-laying equipment for Marine Pipeline and Equipment in Canada. And back in the UK, we handled auctions for Nestle Purina and Clairol Cosmetics.
In 2005, Rabin expanded its operations into the Middle East when it auctioned off dairy processing equipment for Tnuva Dairies —Isreal’s largest food maker. Later that year, Rabin secured buyers in the Middle East to take on all of Winona Medical in Indianapolis, IN, which included a fully equipped hospital.
In what has been our largest auction to date, Rabin sold more than 1,000 lots of underground cable-laying and construction equipment, including trucks, trailers, trenchers and backhoes, for Orius Communications. The auction, which took place over five days, was held in four cities across the nation. Closer to home, Rabin saw high bidder turnout for the auction of Mother’s Cookie’s assets after the bakery closed up shop in Oakland, CA later that year.
Rabin has had a long relationship with Scandinavian-based Leaf, one of the largest confectionary companies in Europe. In 2007, Rabin handled the sale of a Leaf plant in Turku, Finland, including 450 lots of equipment from Finland, Italy, Russia, UK, France, Denmark and Sweden.
2008 was the year of the food-processing auction for Rabin. We handled auctions for the companies that make some of America’s favorite foods—from chocolate to cereal, buns to biscuits—including Sara Lee, Hershey, General Mills, Nestle, Kellogg’s, Texas Signature Foods, Flowers Bakery, Burtons Biscuit and others.
In 2009, Rabin continued its run of food processing auctions with a sale of assets for Kraft Canada. Pharmaceuticals were also big this year as we took on a $50 million facility for GlaxoSmithKline in Puerto Rico, selling multiple lots of new and used equipment through auction.