Hilco Industrial b.v.Hilco Industrial b.v.Hilco Industrial b.v.1213

Spotlight

Hilco Industrial Acquisitions B.V. Will Sell the Machinery and Equipment Assets from Ford Motor Genk Facility in Belgium

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Hilco Industrial Acquisitions (www.hilcoind.com) announced that due to closure, they have, purchased assets formerly owned by Ford Werke GmbH located at the former Ford Motor Company Vehicle operations in Genk, Belgium.

Hilco Industrial Acquisitions began the sale of these assets immediately through a Private Treaty Sale  event that took place in November of 2015.  Hilco Industrial directors indicated that there had been substantial interest in the machinery and equipment at the facility from global buyers in Asia, Europe, North-and South America. 

Dongkuk Steel Mill Co. Appoints Hilco Industrial Acquisitions B.V. To Sell 2.000.000 Ton/Year VAI DAVY Plate Mill

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Amsterdam based Hilco Industrial Acquisitions, B.V. (www.hilcoind.com), a unit of Hilco Global, announced that it has been appointed by Dongkuk Steel Mill Co. Ltd, along with its Korean affiliate Seokyung Engineering Co. Ltd., as the exclusive agent to market and sell the "VAI DAVY" Plate Mill in Pohang, South Korea.

Hilco Industrial Acquisitions has begun a private treaty sale and negotiation process for complete heavy plate mill capable of producing 2.000.000 ton of shipbuilding plates per year, as well as a rolling mill, finishing mill and roughing mill. The assets are available immediately. 

This sale process is part of a reorganization at Dongkuk which began following the company's acquisition of Union Steel Co., to improve the company's financial standing and strive for more diversity. Dongkuk Steel is known for producing steel plates from those for general use to high-quality products such as TMCP and Normalized for ship building and marine structures. The facility is located in Pohang, Gyeongbuk in South Korea. Recently a decision was made to sell the "VAI DAVY" Plate Mill which was built in 1997.

Latest Deals

Suir Pharma, Ireland

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Sold In Its Entirety as a Going Concern. 

Suir Pharma was an Independent Contract Manufacturer of Generic Medicines (film coated tablets, capsules and powders) for approx. 40 years when it became insolvent in May 2016.

The Provisional Liquidator tried to sell the Suir Pharma Assets as a going concern, when the only interested party dropped out, Hilco purchased the Manufacturing Assets from the Liquidator.

In 2017 IQ Pharmatek reopened the Clonmel site to start contract manufacturing, creating 100 jobs at the old Suir Pharma Plant. This was a good outcome for all parties involved.

Ericsson Germany, Sweden, India & China

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Hilco Industrial Acquisitions sold the electronic test and measurement equipment located in  Germany, Sweden, India and China. The assets included electronics ranging from 4G LTE testing sets to lab support equipment. The assets in Lund were sold in an auction that closed in early September 2015, while the Bangalore and Beijing auctions closed in November.

Mytrichem - API manufacturing facility

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This facility is a chemical production unit that specializes in high quality active pharmaceutical ingredients and fine and specialty chemicals. We sold the production equipment by private treaty and all lab and auxiliary equipment by online auction in late November 2015.

MWL APPARATEBAU GRIMMA GmbH

LOGO-MAG-clean This company was a fabricator of high pressure vessels in Grimma, Germany. The auction took place in the  beginning of September and has since moved to sales by private treaty. If you are interested in learning more  about this sale please contact Ingrid Helsloot