Hilco Global can serve you in every aspect of the metal value equation.
Our expertise is built on unparalleled industry knowledge, unmatched information, and 20 years of real world experience in industry appraisals and disposition services. We invite you to contact one of our team leaders today.
Acquisition of ThyssenKrupp Assets
Amsterdam-based Hilco Industrial Acquisitions, B.V., an operating company of U.S.-based Hilco Global, strategically acquired in Spring 2022 all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.
Europe’s second largest steel producer, ThyssenKrupp, shuttered the German facility in September 2021. During its operation, the heavy plate rolling mill facility produced approximately 850,000 metric tons of steel which was used for shipbuilding, offshore and heavy fabrication construction production. In addition to the rolling mill, other items for sale consists of late model furnaces, hot- and cold-levelers, quenches, inline ultrasonic inspection, shotblasting/priming, and numerous flame and plasma cutting machines. This represents an outstanding opportunity for buyers seeking to purchase high-quality, late model machinery used in a combined roughing and finishing mill. The company anticipates many interested buyers from Europe, Asia, and the Americas and will entertain offers in acquiring the entire facility or for individual assets.
Hilco's "Added Value Promise" to you:
1. The industry’s most reliable gross and net liquidation values with clear and accurate exit strategies.
2. Modeling WIP conversion to finished goods in order to maximize value (when applicable).
3. Customized user-defined appraisal reports and pinpoint delivery of reports on promise dates.
4. Recommendations on best practices for post-appraisal
collateral monitoring to help recognize the early warning signs of declining values.
5. A designated “Point Person” on every engagement in order to deliver the best holistic solutions, efficient
communication, and quality control.
DEAL SNAPSHOT
RG Steel Sparrow’s Point
- Acquired in 2012 for $70 million.
- Once the world’s largest combined steelmaking complex.
- 3,100 acre, 17 million sq. ft. complex located in Baltimore, MD.
- Maximized value by leveraging its multiple capabilities to create a unique solution addressing stakeholder requirements.
- Partnered with Redwood Capital in 2014 to continue site clean-up and remediation work.
- Project was planned to be one of the greenest of its kind ever undertaken.
Hilco Redevelopment GM Metal Center
- In 2011 HRP was was selected by the City of Wyoming and Thunder Ventures to remediate and demolish all structures at the former General Motors Metal Center in Wyoming.
- Prior to the acquisition, HRP conducted a liquidation process to monetize machinery & equipment onsite for Motors Liquidation.
- Performed the environmental remediation at the site, demolished the obsolete structures, and fully graded the entire site to prepare it for future redevelopment.
CONTACT US
Brent Bonham
Chief Operating Officer
Andrew Dahlman
Executive Vice President
M&E Group Leader
Michael Sullivan
Vice President
Metals and Mining Valuation