Gordon Brothers to Sell Machinery & Equipment Formerly Used by José Sánchez Peñate

Madrid, Feb. 02, 2023 (GLOBE NEWSWIRE) — Gordon Brothers, the global advisory, restructuring and investment firm, is offering for immediate sale by private treaty machinery and equipment from four plants in the Canary Islands formerly leased by the firm to the Spanish food products manufacturer and distributor José Sánchez Peñate.

José Sánchez Peñate primarily produced dairy products from two plants in Tenerife, Spain and manufactured and supplied coffee and bakery products from two plants in Gran Canaria. The complete plant and available machinery equipment are as follows:

  • Milk plant, including preparation, mixing, sterilization, cooling, packaging and palletizing systems.
  • Yoghurt plant, including raw material reception, pasteurization of milk, mixing station, pasteurization of yoghurt, addition of starter, fermentation, packaging, palletizing, cooling and storage.
  • Coffee plant, including raw materials reception, recipe preparation, roasting, milling, packing of coffee beans for restaurants or ground coffee, packaging, palletizing and storage.
  • Bakery plant, including raw materials reception, kneading machines, forming machines, cutting and boarding, fermentation area, baking and cooling, packaging and palletizing.

“This unprecedented food manufacturing plant sale is already generating global interest and is an amazing opportunity to acquire machinery and equipment worth millions of euros,” said Duncan Ainscough, Managing Director, Commercial & Industrial at Gordon Brothers. “With over €95 billion of assets appraised and disposed in the food and beverage industry, we are a trusted partner with a deep understanding of this sector and a strong history in maximizing asset value for companies in Spain and throughout Europe.”

The machinery and equipment is installed and inspections are available by appointment only. To view the full list of available assets, visit Gordon Brothers’ website: www.gordonbrothers.com/JSP.

About Gordon Brothers

Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, management teams, 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, financing and investment. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short- and long-term capital to clients undergoing transformation. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. The firm is headquartered in Boston, with over 30 offices across five continents.

Lauren Nadeau
Gordon Brothers

GlobeNewswire Distribution ID 8741910

Tax evader sentenced

NORTHERN CAPE – Kingsley Edward Erlank (57) and an entity, Pest Control (PTY) Ltd were sentenced by the Kimberley Specialised Commercial Crimes Court on Thursday, 2 February 2023 for contravention of Income Tax Act.

The accused were served with summons during September 2022 by the Hawks’ Serious Corruption Investigation team for non-submission of corporate income tax returns and failure to submit Value Added Tax (VAT) returns for sometime.

Erland pleaded guilty to 19 counts and he was sentenced to a fine of R30 000-00 or two years imprisonment. Further, the entity was sentenced to a fine of R30 000-00 or two years imprisonment.

Source: South Africa Police Service

A man suspected to be a kingpin behind a vehicle crime cross-border syndicate was arrested in Gauteng

PARKTOWN – Gauteng Law Enforcement Agencies worked together to identify and arrest a man suspected to be behind the theft and hijacking of high-calibre vehicles that are taken to neighbouring countries. The suspect was found with suspected stolen vehicles that include a Ford Ranger, Mercedes Benz C Class and a Toyota Fortuner GD-6.

On 02 February 2023, police received information that the suspect will be at one of the shopping malls in Johannesburg, where he usually operates.

A team comprising of members from the South African Police Service Vehicle Crime Investigation Unit in Soweto, SAPS Crime Intelligence, Gauteng Traffic Police Saturation Unit, Bad Boyz Security, Tracker Connect, Vision Tactical Security, Insurance Crime Burea, and Hollard Insurance were mobilised to intercept the suspect.

The team kept close observation and spotted the suspect arriving at a shopping mall, driving a Grey Mercedes Benz that he parked in the basement. He then went to a White Ford Ranger that was also parked in the basement and drove off with it. It is then that the team pounced on the suspect as he was about to exit the mall. Preliminary investigation revealed that the Ford Ranger was robbed from the owner in Alexandra and that the Mercedes Benz was hijacked in the Moffatview area.

Further investigation led the team to the suspect’s place of residence where a white Toyota Fortuner that was tampered with, was recovered. Multiple vehicle registration documents and passports were also seized.

The suspect was arrested and charged with possession of suspected stolen/hijacked vehicles. He is expected to appear at the Roodepoort Magistrates’ Court on Monday, 06 February 2023. More suspects might be arrested pending further investigation.

Gauteng Provincial Commissioner, Lieutenant General Elias Mawela applauded the team that worked so hard to locate and arrest the suspect. Lt Gen Mawela ordered the police to conduct a thorough investigation and profile the suspect as he might be part of a bigger syndicate.

Source: South Africa Police Service