All of MadFiber’s Assets to be Auctioned off to the Highest Bidder
Starting this Friday, MadFiber is going up on the block. After the Washington based company was purchased by the Divine Cycling Group, MadFiber’s factory was shut down during the Fall of 2013, only to be parked until DCG filed for chapter 7 bankruptcy. It looks like the final number for MadFiber will be an auction consisting of two lots – one including intellectual property, trade names, patents, etc. that are unique to the business, and a second lot that is things that are not unique to the business like tools, a vertical mill, boxes, etc. There is an option to purchase both lots, which would provide all of MadFiber’s assets.
The online only auction starts this Friday and will run until January, 28th. It is being run as a silent/sealed auction so others won’t see your bid. Due to the nature of the auction individuals won’t be able to buy a “cheap set of wheels,” rather the auction offers the opportunity for someone to purchase the business and possibly get MadFiber up and running again.