SMB - a SNK Company in Makranstaedt near Leipzig, Germany

BACKGROUND :

Manufacturer of Aerospace Parts and part of the SNK Group, a well-known machine tool builder.

TYPE OF SALE :

Private Treaty Sale with an Online Auction Sale

EQUIPMENT :

SNK CNC Profilers- 5 Axis Hi Speed Machining Centers, SNK-Ikegai CNC Table Type Horizontal Boring Mills, CMM Measuring Machines and smaller machines.

TRANSACTION :

SNK decided to close down this manufacturing facility and concentrate all machining in one location. Hilco made SNK an outright purchase offer for all of the Machinery & Equipment and did win the sale.

HIGHLIGHT :

Hilco organized a Private Treaty Sale and an Online Auction for the smaller equipment. The major machines were sold to Korea and the USA, the smaller machines sold in Germany and Poland.

CONCLUSION :

Within 4 months we are able to remove all Machinery & Equipment and cleaned up the buildings enabling SNK to return the Building to the Landlord well before the due date.

SMB