In the world of bespoke interior solutions, Noteborn was long respected for its craftsmanship and high-quality custom cabinetry, sliding doors, walk-in closets, and tailored storage systems — initially for bedrooms, and later expanding into living rooms and home office applications. Over years of dedicated work, Noteborn built a loyal client base and an expansive production portfolio. Earlier this year, following the company’s bankruptcy and an initial attempt to restart operations that ultimately proved unfeasible, we stepped in and acquired all movable property from Noteborn’s Heerlen facility in close cooperation with the appointed trustee.

A Well-Equipped Facility Poised for Remarketing

The Noteborn factory housed a complete and modern production setup — a collection of high-performance woodworking and finishing machinery and support systems. Key assets included:

Holzma Homag panel saw setup (HKL PRO 3000 PROFILINE)
Intertex Towermat
Altendorf F45 Evodrive sliding table saw
Biesse Skipper 1000
Homag Optimat KAL 310
Biesse Rover A Edge 164
BREMA Vektor 25-13
A complete Certis packaging line

This equipment, combined with an extensive inventory of high-quality sheet material, positioned the asset pool as highly attractive to secondary markets across woodworking and manufacturing sectors.

A Structured, Results-Driven Asset Recovery

Upon acquisition, we initiated a structured process that balanced urgency with value maximization. Our approach consisted of:

1. Rapid Inventory and Cataloguing

Every piece of machinery, every lot of sheet material, and all ancillary tooling were carefully catalogued and documented to ensure accurate listing and valuation.

2. Targeted Sales Strategy

By actively marketing the assets to qualified buyers — from local workshops to larger manufacturing operations — we were able to maximize visibility across the appropriate secondary markets. This ensured competitive interest and optimal returns.

3. Efficient Logistics and Execution

With attention to scheduling and site access limitations, we coordinated removal, transport, and delivery logistics. Skilled teams worked to dismantle and prepare equipment for relocation while maintaining a safe and organized site.

Delivering on Time — To Everyone’s Satisfaction

Despite tight timelines and the complexities inherent to an industrial asset recovery project, we successfully:

Sold the full range of large machinery
Sold the complete stock of high-quality wood sheet material
Coordinated removal and site clearance
Delivered the building back to the landlord

All of this was completed on time and to the satisfaction of both the landlord and the bankruptcy curator. The facility was left ready for its next phase of use, and stakeholders could proceed without delay.

Reflections on the Noteborn Project

The Noteborn asset recovery project exemplifies how structured planning, clear communication, and market-targeted remarketing can bring value even through the end of a business lifecycle. Far from simply liquidating assets, we transformed a challenging situation into an orderly transition that respected the interests of all involved — from creditors to new buyers.

This engagement stands as another example of how disciplined asset management and recovery can support industrial transitions while unlocking the latent value of production resources.

About PIPM

PIPM is a global leader in industrial project and asset management, specializing in the acquisition, valuation, and remarketing of machinery and production assets across sectors. With a strong international network and hands-on operational expertise, PIPM provides tailored solutions for insolvency administrators, restructuring consultants, and corporate stakeholders.