×

HILCO INDUSTRIAL TO HOLD A 2-DAY PUBLIC AUCTION OF THE SOO TRACTOR-SWEEPRAKE ASSETS

GRAND RAPIDS, Mich., Sept. 3, 2015 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com) announced they will hold a two-day public auction of the manufacturing assets, finished goods, and intellectual property formerly of Soo Tractor-Sweeprake, a leading steel fabrication company and manufacturer of agricultural equipment.

The company operated two plants in Sioux City, Iowa, with more than 200,000 square feet of assembly and warehouse space. Sweeprakes, front end loaders, backhoes, corn stalk cutters, and more, were manufactured at the plants and sold under major reseller brand names such as Massey Ferguson; both plants are now closed.

The assets at auction include late model Nordson paint systems and booths, shot blast machines, wash systems, CNC fabricating equipment, heat treat, stamping, welding, tool room, material handling, rolling stock, cranes and large quantities of shop and plant support equipment. Large quantities of finished goods (loader and backhoe attachments, buckets, mounting kits, grill guards, hydraulic parts, etc.) and intellectual property (various detailed specifications, drawings, and bills of material) are also available. Real estate is available through private negotiation.

Assets can be viewed from 8 am to 4 pm local time on Monday and Tuesday, September 14th and 15th at the following locations:

  • 1400 West 1st Street, Sioux City, Iowa
  • 2550 Hawkeye Drive, Sioux City, Iowa

The auction will take place September 16-17, 2015 beginning at 10 am local time each day at 1400 West 1st Street, Sioux City Iowa. Bidding will be available onsite and online at www.hilcoind.com.

For additional information on the auction, lot catalog or the assets being sold, visit http://www.hilcoind.com/SooTractor or contact:

About Hilco Industrial:

Hilco Industrial (www.hilcoind.com ) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com ), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.

About Soo Tractor Sweeprake Company

Soo Tractor-Sweeprake Company, founded in 1942 and family owned since 1946, was a leading steel fabrication company located in Sioux City, IA. Soo Tractor's manufacturing and fabrication process occurred in two buildings where they manufactured agricultural equipment.

CONTACT: Gary C. Epstein EVP Chief Marketing Officer Hilco Global (847) 418-2712 gepstein@hilcoglobal.com

Source: Hilco Global