The client is a global manufacturing company specializing in confectionary foods and petcare manufacturing with operations in over 70 countries.
The client had a number of lower value assets along with a couple of higher value items that were surplus to its ongoing operations. The company did not have any strict deadline, but was looking for complete sell-through and to maximize its return.
The equipment was located at the client’s facility in Silao Mexico, and EquipNet was also working on a project with the company in Monterrey. We helped to move these assets to the Monterrey facility to have a central location for the surplus assets. Equipment to be sold included Conveyors, Over Wrappers, Shrink Tunnels, Check Weighers, Metal Detectors, Blistering Machines, Tanks, Valves, and much more.
EquipNet used multiple channels to ensure complete sell-through of the assets, including individual asset sales through our online MarketPlaceTM and a number of dedicated online auction events.
EquipNet successfully achieved 100% sell-through as the client had requested, resulting in $200,000 in return for the client.
