LOS ANGELES Tiger Group's Remarketing Services and Reich Brothers are set to auction off the assets of Creation's Garden Natural Products, Inc., a now bankrupt natural products manufacturer based in California. The sale is conducted in cooperation with Brian Testo Associates. Creation's Garden is being offered for sale as a going concern, or in lots, during a live webcast auction scheduled for February 12 and 13. The auction will take place both days at 10:30 a.m. PST at the Hyatt Regency Valencia located at 24500 Town Center Dr., Valencia, CA and online at www.SoldTiger.com
At its peak, Creation's Garden posted annual sales of approximately $50 million, with its products sold at such retailers as Target, Sams Club, BJs Wholesale Club, Walgreens, Duane Reade, Hi Health, TJ Maxx, and AM/PM. The company's product lines include skin care, hair care, nutraceuticals, organic supplements, tattoo and piercing skin care, organic pet supplements, beverages, powdered drinks and energy shots.
The assets up for auction include the companys brand names and other intellectual property; more than $8 million of finished goods, component and raw inventory, including bottles, caps, tubes, jars and ingredients; more than 200,000 square feet of filling, mixing, packaging and support equipment; as well as office, laboratory, warehousing and transportation equipment. Trade names being offered include the Creation's Garden brand of nutritional supplements, body cleansing supplements and other natural remedies; Roccos Old School Products, a natural and organic skin care line devoted exclusively to the tattoo, piercing and body art marketplace; and The Flying Basset, an organic whole food pet supplement line.
The company filed for Chapter 11 bankruptcy on November 20, 2013 in the California Central Bankruptcy Court (case number 2:13-bk-37815).
The assets will be available for inspection on February 10 and 11 from 9:00 a.m. to 5:00 p.m. PST at the following locations in Valencia: tablet facility and corporate offices at 24849 Anza Dr.; Bartelt packaging and other filling equipment at 24749 Avenue Rockefeller and 24887 Avenue Rockefeller; laboratory, mixing and filling equipment at 27540 Avenue Mentry; finished goods and packaging equipment at 27615 Avenue Hopkins. Additional Bartelt packaging and other filling equipment can be viewed at 28926 Hancock Parkway in Castaic, CA.
This sale represents a tremendous buying opportunity for a broad audience," said Jeff Tanenbaum, president of Tiger Remarketing Services. We are always hopeful a going concern buyer recognizes the opportunity and steps up to put the company and its employees back to work. However, if this does not occur, the components of this operation appeal to many audiences from national competitors and related packaging operations who will appreciate the late-model, well maintained mixing, processing and packaging equipment, to any local and regional business interested in warehouse, distribution, facility and office equipment."