AUCTION CASE STUDY
AUCTIONS SERVICES FOR DEFUNCT PULP PROCESSING FACILITY
Project Description
Our client was a municipality that assumed ownership of a long-defunct pulp mill. When the mill’s previous owners failed to reopen the mill, the town diversified its economy to include freight shipping. To make room for a new port, it opted to decommission the mill.
To expedite asset recovery, we hosted a two-day auction to sell more than 200 lots. We salvaged more than 5,000 pieces of equipment, machinery and parts; this included valves, pumps, washer drums, pulp processing systems, as well as maintenance, repair and overhaul (MRO) equipment and parts.
- Organizing a two-day, online industrial auction
- Hosting the sale on an industrial-specific auction platform to target relevant and interested buyers
- Grouping smaller MRO equipment and parts into larger lots
Plan and Details
| Project Type | Auction Services |
| Industry | Pulp & Paper |
We offered our client a multi-faceted asset recovery solution focusing on maximizing their return on assets while providing a streamlined process for managing and storing their surplus equipment.
Overall Progress
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