This Peterborough Canada, has had contained a customer presence since thecompany’s inception (1892). This facility employed >5,000 employees at peak production.
- Total Plant Area: 1.1MM sq. ft.
- Expense Budget: CAD $315k
- Timeline: October 2018 through October 2019 (Revised Timeline March 2020).
Customer Problem / Need
After shutting down production at the end of2018, the customer needed to liquidate a facility by the end of 2019. The size and age of thefacility required a highly coordinated process for a full liquidation.
Environmental challenges associated to the disposition of regulated chemicals and cleaning requirements lead to delays in project timing and modifications oftraditional sales process.
Blended Remarketing project, consisting of several Private Treaty, Auction and Scrap sales events.
Due to volume of equipment (6,500+ lots), there were 8 equipment auctions, 2 scrapauctions, and a Private Treaty negotiated sale.
Chain AMS worked in conjunction with local Canadian environmental agencies to provide a compliant and safe sales process.
The sale grossed CAD$7.7MM for the customer through 8 Auctions Sales over 9 months.
The auction sales returned cash back to the business 40% higherthan the anticipated site value.