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HILCO INDUSTRIAL TO HOLD A PUBLIC AUCTION OF SOLAR SCREW ASSETS

NORTHBROOK, ILL., Oct. 26, 2015 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com) will hold an auction of the assets from the Solar Screw manufacturing facility and surplus assets from other metalworking facilities on December 3, 2015 in Addison, Illinois.

The former Solar Screw Corp. is now part of other Illinois facilities. Their services included the manufacturing of cold headed parts, custom metal forming services and secondary capabilities for the automotive, appliance, electrical, hardware and office furniture industries. Various types of screws, bolts, rivets and fasteners were manufactured at this facility.

The assets offered at auction include cold headers, bolt formers, slotters, threaders, uncoiler, wire drawers, and secondary fastener support equipment from manufacturers such as Sacma, Hartford, Chun Zu, Waterbury and others.

Assets may be viewed from 9 am to 4 pm local time on Wednesday, December 2, 2015, or earlier by appointment. Contact Ed Cervac to schedule an appointment.

The auction will take place December 3, 2015 beginning at 10 am local time at 12 West Interstate Road, Addison, IL 60101. Bidding will be available onsite and online at www.hilcoind.com.

For additional information on the auction, terms and conditions, lot catalog, and a complete list of the assets being sold, visit http://www.hilcoind.com/SolarScrew or contact Ed Cervac, ecervac@hilcoglobal.com or +1 847.849.2935.

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.

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

Source: Hilco Global