NORTHBROOK, Ill., May 3, 2016 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, announced the successful completion of the sale of the assets for S&S Steel, Inc. The sale was part of a collaboration between Hilco Industrial, Ohio-based Yoder Machinery, and Pennsylvania-based Quaker City Auctioneers that was completed via live webcast auction on April 19, 2016.
The US Bankruptcy Court gave an order approving the sale of substantially all its assets of S&S Steel Services, Inc. on January 11, 2016. The assets included all tangible personal property and leasehold improvements, all intellectual property rights including rights to the name "S&S Steel" and intangible assets and the purchased inventory.
S&S Steel, Inc. operated out of Anderson, Indiana since 1986. The company provided slit narrow width coils, round edge coils, cut-to-length strips, sheared-to-size blanks, and leveled sheets from mild carbon steel to the metal stamping and roll forming industries. Among the assets sold through the auction were; coil slitting lines, coil cut-to-length lines, laser & plasma cutters, Cincinnati shears, and flatbed trailers. The sales from the webcast auction exceeded expectations. For additional information on the auction, lot catalog or the assets sold, visit http://www.hilcoind.com or contact:
• Tim Pfister - - Hilco Industrial, email@example.com +1 847.313.4747
• John Magnuson - - Hilco Industrial, firstname.lastname@example.org +1 847.504.3204
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 S&S Steel Services, Inc.
S&S Steel Services, Inc. manufactured and slit narrow width coils, round edge coils, cut to length strips, sheared to size blanks, and leveled sheets from mild carbon steel for metal stamping and roll forming industries. It offered hot and cold rolled, hot rolled pickled and oiled, and coated products; and slit coils, edged coils, cut to length strips, sheared blanks, leveled sheets, and master coils. The company also provided laser and plasma cut parts. It served customers in the Mid-West region. The company was founded in 1986 and is based in Anderson, Indiana. Using their own fleet of trucks and common carriers, S &S Steel shipped products throughout the Midwest region of the United States.
CONTACT: Gary Epstein Chief Marketing Officer Hilco Global (847) 418- 2712 email@example.com
Source: Hilco Global