NORTHBROOK, ILL., April 15, 2014 (GLOBE NEWSWIRE) -- Hilco Industrial: Offering of the former Hoku Materials Polysilicon Processing Plant for sale.
JH Kelly LLC has retained Hilco Industrial, Hackman Capital Partners, and Perry Videx to offer and sell the former Hoku Materials facility in Pocatello, ID. The facility was originally designed as a 4,000MT polysilicon production facility. An estimated $700M USD has been invested in the facility and infrastructure to date.
The 67 acre heavy industrial site is leased from the City of Pocatello and has proximity to Interstates 15 and 86 and is adjacent to the Union Pacific Railroad mainline track. Infrastructure on the site includes an existing Idaho Power Substation that provides up to 131MW with a Large Power Tariff available, natural gas feed with 5,690 scfm maximum usage forecasted, potable water sourced from City of Pocatello, and Air Permits from the Idaho Department of Environmental Quality.
Both the City of Pocatello and the Bannock County Economic Development Commission are actively engaged in the sales process with JH Kelly and are eager to work with interested parties in putting the site and its infrastructure to its highest and best use. The parcel can certainly be completed and utilized for its original design as a polysilicon manufacturing facility, but a recent engineering study commissioned by JH Kelly also suggests that the site and a large portion of the infrastructure may be repurposed to process titanium dioxide, recover magnesium, and produce specialty chemicals or pharmaceuticals. The Facility is also especially adaptable to processes that employ chlorine. Major processes at the facility include TCS and HCI production, TCS and HCI purification and storage, CVD process, vent gas recovery, vent scrubbing, and chlorosilane recovery.
Hilco Industrial, Hackman Capital Partners and Perry Videx will be marketing this offering globally. Information about the offering may be viewed at http://www.hilcoind.com.
About Hilco Industrial
Hilco Industrial LLC [www.hilcoind.com] provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. Hilco Industrial performs dispositions through on-site, online and combination "webcast" auction sale events as well as negotiated (private treaty) sales. Hilco Industrial began operations in its current form in 2000, and is a unit of Chicago-based Hilco Global, a global provider of tangible and intangible business asset valuation, monetization and advisory services. www.hilcoglobal.com
About Hackman Capital Partners, LLC.
Founded in 1986 and headquartered in Los Angeles, Hackman Capital Partners is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm also redevelops properties into creative and media office buildings. Hackman Capital Partners currently owns, through its affiliated entities, more than 270 facilities throughout the United States, totaling approximately 25 million square feet and more than 10,000 acres of land. For more information, visitwww.hackmancapital.com http://www.hackmancapital.com.
About Perry Videx
Perry Videx has been at the center of the used industrial equipment world since 1932 and today operates globally with nine office in seven countries and agencies worldwide and specialists in the chemical, pharma, plastics, paper, sugar and power generation industries. Perry has one of the world's most extensive inventories of used equipment and has earned a worldwide reputation as a dependable supplier of top quality used process equipment. For more information, visit www.perryvidex.com.
A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=24779
Source: Hilco Global