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Hilco Industrial Announces Successful Sale of Dow Solar Assets

NORTHBROOK, Ill., Dec. 13, 2016 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, has announced the successful sale of assets for Dow Solar, a subsidiary of Dow Chemical. The HilcoBid online auction, which closed on November 8th, was held in partnership with Aaron Equipment and Perry Videx, LLC.

This sale was highlighted by many pristine pieces of solar shingle manufacturing equipment including plastic injection molding machines, solar cell welding systems, glass washers, sun stimulators, laminators, and much more.

Dow Solar was a leading global innovator of solar shingle technology since its product first hit the market in 2011. In mid-2016 Dow Chemical announced that they were ceasing production of its PowerHouse solar shingles.

For additional information on the auction, assets sold, or assets remaining, please visit www.hilcoind.com, 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, consulting and strategic capital investments.

About Dow Chemical: Dow Chemical (Dow) is a leading global provider of integrated, market-driven, industry-leading specialty chemical, advanced materials, agrosciences and plastics business series which deliver a broad range of technology-based products and solutions. Founded in 1897 and operating in 180 different countries, Dow's consumer markets include food, healthcare, transportation, and construction.

Media Contact:
Gary Epstein
EVP-CMO
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: gepstein@hilcoglobal.com

CONTACT: Gary Epstein (847) 418 2712 gepstein@hilcoglobal.com

Source: Hilco Global