INTERNATIONAL PROCESSPLANTS AND EQUIPMENT CORP.
Company Description
International Process Plants (IPP) is a self-funded global buyer and seller of surplus manufacturing facilities, process plants, industrial real estate, and individual equipment that are no longer needed by their original owners. The company's expertise and focus is in the chemical, agrichemical, petrochemical, oil & gas, paper, plastic, power generation, metallurgical, fertilizer, artificial fiber, pharmaceutical and food industries.
IPP typically buys the idled manufacturing assets, whether it be an entire plant or pieces of equipment, from large companies (~80% of IPP's purchases are from multinational companies of which about 25% are distress situations) and then typically re-sells them to small-mid sized manufacturers.
For the acquiring companies, IPP's business model provides them with these assets at a significant discount and in a fraction of the lead time vs. building or buying them new. Purchasers of equipment benefit by having their production back online within days, vs the months it may take to procure a new piece of equipment from an OEM or its distributor. Clients who buy entire plants say they typically cut the time it takes to get a new plant up and running in half (50%) by buying an existing plant from IPP.
For companies divesting assets, IPP is an outlet for quickly selling those assets in a fiscally and environmentally responsible manner. Selling a whole plant or part of a plant, such as a shut down production line, to IPP relieves the seller of the financial burden and resource drain associated with carrying idled assets on the books as well as provides an immediate cash infusion. Carrying costs for an average chemical plant that is being shut down can reach almost $1MM USD a year and take as long as 4 years to completely shut down and dismantle. Because IPP uses its own funds to buy these assets and does not need outside financing, selling transactions are completed faster and selling companies unlock their idled assets' inherent value quicker than when 3rd party financing is involved.
IPP currently owns 17 complete plant sites including the land, buildings and equipment, 85 complete processes to be moved and operated elsewhere and a stock of 30,000 major pieces of process equipment.
One of the largest firms in this business, IPP operates globally from its headquarters in the US and its company-owned operations in 16 other countries. In business for over 35 years, IPP serves 160,000 clients in the chemical, agrichemical, petrochemical, oil & gas, paper, plastic, power generation, metallurgical, fertilizer, artificial fiber, pharmaceutical and food industries.
Contact info
- Contact Person: Mr. Joe Pizzillo
- Telephone:
- Fax Number:
- Zip/Post Code: 08691
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