Assignee Auctioning Assets of Turnkey Fresh & Frozen Food Manufacturing Facility
PITTSFIELD, N.H.--(BUSINESS WIRE)--The Assignee for the Benefit of Creditors of Rustic Crust, Inc. ('Rustic Crust' or the 'Assignor'), announces the sale of a turnkey food manufacturing facility representing a substantial portion of the Assignor's assets. DSI Assignments LLC requests that interested parties must submit qualified bids by no later than 3:00 p.m. (prevailing Eastern time) on Thursday, May 22, 2025.
On August 28, 2024, Rustic Crust, Inc., and its subsidiaries executed an Assignment for the Benefit of Creditors, transferring assets to the Assignee, Rustic Crust ABC, a Delaware Series Limited Liability Company (the 'Assignee' or 'Seller'). The Assignee has received a binding stalking horse bid for Assignor's brand-name production line and real property (the 'Target Assets') and is currently soliciting higher or better offers. The Target Assets will be sold pursuant to the terms of the Stalking Horse Bid.
The Target Assets are to be sold 'as is where is.' The Assignee shall only consider qualified bids to purchase all or substantially all of the Target Assets on terms which, in the business judgment of Seller, are no less favorable than the Stalking Horse Bid and are for a cash purchase price which is at or above the required minimum overbid of $1,375,00.00.
Opportunity Overview
This auction is a unique opportunity for interested buyers to acquire a fully operational fresh and frozen food manufacturing facility previously owned and operated by one of the largest wood-fired pizza production companies in the United States. This facility, located in Pittsfield, NH, is equipped with advanced production machinery and offers a comprehensive setup for immediate turnkey operation or easy conversion for other production needs.
This asset sale presents an exceptional opportunity for entities in the consumer retail, food service, private label distribution, and specialty food markets to acquire a well-equipped, turnkey facility with high production capacity and scalability.
About the Facility and Target Assets
The facility is a custom-built, 28,000-square-foot property constructed in 2014 and outfitted with state-of-the-art machinery designed for the production and packaging of wood-fired frozen pizza and shelf-stable dough products.
Key assets include:
Real Property: Deeded 28,000 sq. ft. manufacturing facility located in Pittsfield, NH
Production Lines: Three-line setup with expansion potential, including proprietary wood-fired ovens supplemented by three gas impingement ovens
Production Capacity: Maximum capacity of 45 million units annually, supported by ample spiral freezing and cooling equipment
Select Equipment:
Three Etter impingement gas ovens
Four custom-built wood-fired ovens
G&F Systems spiral freezer and ambient spiral cooler
Two Foodjet MDL 800 Sauce Depositors
Comprehensive inventory of spare parts
Production Certifications: Previously certified for Safe Quality Food (SQF) Level II, USDA Regular Food Safety Grant, and equipped for future USDA organic and protein certifications
Bid Submission Process
All interested parties wishing to make competitive offers for the Assets will need to submit a qualified bid to the Assignee by no later than 3:00 pm (prevailing Eastern time) on Thursday, May 22, 2025.
The Stalking Horse Asset Purchase Agreement is available for review by contacting the Assignee. Interested parties may receive further information upon qualification and execution of a confidentiality agreement.
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