Case Study

Food Manufacturing

Plant Closure – Completed project

Overview

Hilco were approached by the owner of Millpack Pty Ltd. Millpack was set-up to make nut past which could be used for a range of health products including being used as a key ingredient in a nut milk. The manufacturing plant was set up in Carrum Downs and included late model assets:

• Australian Dehydrators Commercial Food Dehydration Cabinet, 2 door Urschel Slicers
• Year 2021 Selmi Continuous mixing tank
• 2 Year Vari mixers
• 2 Centreline Mobile Mixers
• Riggs Transfer Pump and Packserv Filler
• Range of belt conveyors
• Packaging equipment
• Range of general factory equipment

Challenges

Hilco faced the challenge of having to conduct a complete marketing and sale campaign within a short time frame of 8 weeks to enable the client to handover a clean site at the end of the 8 weeks. This would necessitate a 100% clearance rate from the sale.

Client needs

The owner had sold the property and required all equipment to be sold and removed form the site within 8 weeks allowing for a clean handover of the site. The slicers were sold before the sale campaign for the auction commenced.

Highlights

100% of assets sold.

The vast majority of the equipment sold at auction with only a few items sold in the following 2 days after the auction closed.

 

Sale total 130% of our pre-sale estimation.

 

Marketing campaign was a global campaign, inquiries received from India, Europe as well as Australia.

 

Site handover achieved on time.

 

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 when setting reserves on some very late model equipment. Secondly, Hilco invested in a specific targeted marketing campaign to maximise audience reach and suitable buyers of such specialised equipment. This was done for an initial quickfire Expression of Interest campaign followed by an online auction.

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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