Dutch onion trading company goes bust; online auction of inventory and machinery

The Dutch potato trading company, A.C. Loogman, has to close its doors. There was some serious interest in it from several parties. Despite this, it seems it would be too complicated to keep the business running. That's according to the company's bankruptcy trustee, Sander Schouten, of AMS Advocaten.

That's because of the new premises the wholesaler had moved into in 2016. It's owned by the holding company, which is still operational. It's only A.C. Loogman's trading activities and machinery that are in the red. There's concrete interest in keeping its hospitality wholesale side going. That's done from the Amsterdam Food Center. Schouten should be able to give an update about this soon.

"Interested parties wanted to take over the property, goodwill, and machinery. But I can't sell the real estate. It belongs to the non-bankrupt holding company. The total investment turned out to be too large. That's given the current situation in the potato sector. It was a logical consequence to offer the entire content via an online auction," says the trustee. Therefore, the machines, fleet, and sorting and packing lines will be digitally put up for sale. The real estate expires on 28 January. The fleet and the machines' auction ends on 3 February. 

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