Case Study

Commercial & Industrial

Site Closure – Completed project

Overview

We were approached by our client seeking a fast solution. The client had over 60 items of powder and liquid blending, filling and packaging equipment located on the Aware Environmental Pty Ltd (Administrators Appointed) in Dandenong.

Challenges

The property had been sold and a fast solution needed to be presented, agreed and executed to avoid an expensive relocation to another third party facility. The challenge required alignment with the landlord to support the solution. our team inspected the equipment and rapidly turned around an inventory and valuation of all plant and machinery on the site and a commercial proposal and timetable to deliver the result in a very short timeframe. there was no power available on the site as a theft had occurred and the copper power infeed had been stolen. Replacement cabling was not an option before the sale had to be completed.

Client Needs

The client instructed us to proceed and we immediately implemented a marketing campaign targeting end-users and traders both locally in Victoria and nationally.

Highlights

100% of assets sold.

Our team organised a standby generator to open roller doors and provide temporary lighting.

 

The sale was a big success with a 100% clearance of all items at the auction. the sale result was 65% over our low estimation and 35% above our high estimation. we found buyers both within Victoria, Queensland, New South Wales and Western Australia.

 

Buyers that had purchased assets previously from the site from another company made the comment they couldn’t get a look in as the prices were so strong.

 

The feedback from the client was “brilliant effort”. we delivered 100% clearance to a national audience and achieved well over their own expectation

 

Solution

Hilco quickly analysed the opportunity and set up a process to maximise the return for the client. Firstly, Hilco’s team of highly experienced and knowledgeable asset specialists were able to critically review the assets, providing a useful report detailing an estimate. Hilco’s expertise in plant & machinery and onsite evaluation know-how provided its client valuable information. Secondly, Hilco invested in a specific targeted marketing campaign to maximise audience reach and suitable buyers of such specialised equipment.

Highlight Lots

• 2021 Impresstik 3000TC In-Line Label Applicator: Sold $70,350
• Flowfill 4 Head Bottle Filling and Packing Line: Sold $85,150
• 2014 Impresstik 3000FF Vac Labeller: Sold $50,100
• 2015 Axomatic AXO 1000 Automatic Tube Filling Machine: Sold $40,050
• 4 Head Filling & Labelling Line: Sold $48,100

Valuation and Diligence Services

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Want to know more? Speak to one of our specialists

Adam Scharer

Adam Scharer

Chief Executive Officer

+61 412 389 090 Send Email

Adam is the CEO of Hilco APAC, a Director and founding shareholder, with over 25 years of experience in the auction, valuation and marketplace industries. Seeing a gap in the market when it comes to global access to marketplaces, Adam envisioned a business with a full-service offering; Hilco Global APAC was born from this vision. As the head of our business, Adam focuses on strategic relationships and finding new and interesting ways to connect buyers & sellers globally.

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Mark Tonkin

Mark Tonkin

Senior Valuer

+61 498 497 374 Send Email

Mark has over 15 years of experience as an auctioneer and valuer of plant, equipment and vehicles, which includes undertaking valuation reports across a broad range of industries.

Mark is WH&S certified. An Accredited Member with The American Society Of Appraisers (ASA), Machinery & Technical Specialities and specialising in project management across complex sites nationally.

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Case Study

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