By Order of US Bankruptcy Court, District of Maryland
Friday, February 24
5:00 pm (EST)
For More Information, Contact Andy Babcock at 212-315-0764, ext. 2305
64 Trademarks (see Trademark list under 'Downloads'), Graphics, Artwork & Photos, Sales Data, Domain Names, Customer List, Etc.
Trademarks include popular confection brands sold to big box retailers, food and drug, and to independent specialty retailers. Brands include Asher Candy Canes, Cows, Wanderfalls, and Fruitbursts. Sherwood Brands was a $20 million Company with brands that were poplar with large retailers such as Kmart, Walmart, Rite Aide, Bed Bath and Beyond, Five Below, Family Dollar, and a significant network of independent retailers.
Certain confidential and proprietary information will not be provided until Tiger is in receipt of the required Registration Form and an executed Non-Disclosure Agreement.
Click on the link to download the 'Bid Package' once available. The package (.pdf reader required) will include bid instructions, product information and a bid submittable form.
Auctioneer has made efforts to identify and marshal print and digital files to support trademarks and other related intellectual property being offered (“Support Documentation”) to Sherwood Brands’ offices at 275 Ferris Avenue, Rumford, Rhode Island. Bidders may schedule an appointment with Auctioneer to inspect Support Documentation as part of their due diligence efforts.
Bids are due by Friday, February 24 at 5pm (EST) and must be submitted using the bid form provided and must be accompanied by a deposit as provided for in the bid package. Deposits are accepted by cashier's check or wire transfer and will be refunded within 48 hours to unsuccessful bidders.
Bids will be subject to review by the Auctioneer on Monday February 27, 2012 and successful bidder(s) will be notified of the Auctioneer’s determination by Tuesday, February 28, 2012.
n the event the Auctioneer receives more than one Qualified Bid, for any individual lot or combination of lots, which, in the Auctioneer’s sole discretion, are comparable, or contain offers that are within ten (10%) percent of each other (the “Comparable Bids”), the Auctioneer reserves the right to convert the Sealed Bid Auction to an Oral Auction between the parties with Comparable Bids. The Oral Auction will be conducted on February 29, 2012 at the Sherwood Brands facility, located at 807 South Main Street, Chase City, Virginia 23924. The Auction Sale will be live and simulcast online through BidSpotter.com.
Successful bidder(s) must deliver to Auctioneer payment of the balance in full by 1:00 pm on Wednesday, February 29, 2012 (the “Closing Deadline”). All payments are payable to Tiger Remarketing Services, via certified funds, wire transfer or a Company check accompanied by a letter from a bank guaranteeing the payment (contact Auctioneer for wire transfer information or approved bank letter of guarantee language). The following highlights key sale terms and identifies sale specific terms. These, along with our General Terms of Sale
DEPOSITS: 25% of bid amount.
PAYMENT DEADLINE:. Successful bidder(s) must deliver to Auctioneer payment of the balance in full by 1:00 pm on Wednesday, February 29, 2012 (the “Closing Deadline”).
PAYMENT FORMS: All payments are payable to Tiger Remarketing Services, via certified funds, wire transfer or a Company check accompanied by a letter from a bank guaranteeing the payment (contact Auctioneer for wire transfer information or approved bank letter of guarantee language).
BID PROCESS: Tiger reserves the right to award bids based on what they determine to be the highest and best combination of bids and/or to reject any bids and hold product to be sold at a followup live auction in lots determined by Tiger. Further, in the event multiple bidders are within approx. 10% of each others' bid price, Tiger may open a live auction between the parties.
DELIVERY: Tiger is conveying Sherwood Brands' and its affiliated Company's Rights, Title and Interest in the Intellectual Property Described. All information provided by Tiger has been provided solely for bidder convenience, with no representations or guarantees as to the accuracy, completeness, availability, exclusivity or non-exclusive rights to use the Intellectual Property. Tiger will make its best efforts to deliver available support documentation for the Intellectual Property; however, buyer is purchasing with the understanding that it shall be solely responsible for any costs associated with the transfer of or enforcement of the rights being transferred to Buyer.
ALL SALES ARE FINAL: All items are sold “as-is, where-is” with no guarantees or representations. All Sales Are Final. Buyers are recommended to inspect items before they bid.