Hilco Industrial Selling Large Capacity Coil Slitting Lines

BIRMINGHAM, Ala., March 13, 2018 /PRNewswire/ -- Hilco Industrial, LLC, in joint venture with Perfection Industrial Sales, announced they have acquired, and are offering for sale, the metal processing equipment from the former SET Enterprises, Inc. facility in Jackson, AL. SET is continuing operations at its facilities in Illinois, Indiana and Michigan. Also, the company intends to continue operating their Alabama logistics and rollforming businesses, either in the Jackson facility or at an alternative site.

This sale features a 2012 Braner 72" x .250" x 60,000-Lb slitting line and a 2012 Nova Machinery & Engineering 74" x .500" x 80,000-Lb slitting line, as well as material handling equipment, rolling stock and general support equipment. In addition, the real estate is available for sale and offers 62,500-square feet of manufacturing space with (2) 40-ton x 90' span bridge cranes and rail access. The building was constructed in 2012.

Interested parties will have the option to submit separate bids on: (1) the real estate and all the machinery & equipment as a "Turnkey" offering; (2) the real estate only; or (3) the machinery & equipment in bulk or piecemeal. Bid deadline is April 11, 2018. Complete details, photos and videos for the equipment, as well as information about the sealed bid process can be viewed at https://www.hilcoind.com/sale/SET.

Please contact Mark Reynolds at [email protected] or +1 205.403.5942 for more info or to schedule an inspection.

About Hilco Industrial: Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees.

Hilco Industrial is headquartered in Grand Rapids, Michigan, and operates as a part of Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.

About Perfection Industrial Sales: Perfection Industrial Sales, a division of Perfection Global, LLC, specializes in providing global asset management solutions for both small and large companies in a wide variety of industrial sectors. These services are offered through a range of tailored solutions which include Live Webcast and Online Auctions, Negotiated Sales, Surplus Asset Management, Appraisals, Real Estate Acquisition and Sale & Lease Back programs. Perfection has helped clients meet and exceed their used asset goals for over 50 years.

SOURCE Hilco Industrial

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