B&S Glassmoulds in Leerdam, Netherlands

BACKGROUND :

Manufacturer of: Glassmoulds- manufacturing and repair of dies for the glass-industry.

TYPE OF SALE :

Online Auction

EQUIPMENT :

CNC Turning & Milling Centers, CNC Turning Centers, CNC Horizontal and Vertical Machining Centers, Stellite Plasma Transferred Arc Welding System, Auxiliary Equipment.

TRANSACTION :

B&S Glassmoulds entered into bankruptcy, the parent company owned all assets and wanted to sell all assets in one transaction. Hilco´s proposal was the most favorable for the Seller, by offering payment upfront and offering sharing in the excess proceeds with the Seller.

HIGHLIGHT :

Hilco organized an ONLINE AUCTION event and sold a few machines by Private Treaty Sale over a 3 months period to buyers from all over Europe and India.

CONCLUSION :

It took us only 3 months to sell, and remove all Machinery & Equipment and to great satisfaction of the parent company as the owners of the real estate.

B&S