In conjunction with joint venture partner Liquidity Services, Manheim Industrial will handle the complete end-to-end dispersal process, specifically the sale of all plant, machinery and assets.
These assets will be sold via expression of interest, tender and online BidNow auctions through Manheim’s website. The BidNow auctions are timed online auctions where bidders can place their maximum bid online 24/7.
Manheim said that the expression of interest for major assets is open now and will close on July 29. The first online auction is May 19 – 24 and it said further online auctions and a scrap tender will be conducted from July through to October.
Manheim said the extensive list of assets includes Wilkins-Perry 600T and 400T mechanical spotting presses; CNC chassis-rail plasma/drill machinery; overhead travelling gantry cranes; chassis-rail paint spray booth and bake oven; and small-parts painting and sandblasting equipment.
There is also a range of automotive workshop equipment, welding equipment, two complete general-maintenance workshops, forklifts, plant services, compressors and generators, space parts and pallet racking, amongst a lot of additional equipment.
Manheim Industrial head of corporate, Adrian Paley, said: “We expect significant interest in this sale campaign as this is a great opportunity for buyers across a wide offering of automotive manufacturing, engineering and general industrial assets.
“On the back of partnering on the Cadbury, Pernod Ricard and Mars projects in NZ, the Manheim and Liquidity partnership is primed to demonstrate their automotive industry experience and help give the Iveco plant the send-off it fully deserves.”
The disposal of assets comes as Iveco in November announced it would follow sibling Acco out of Australia, closing its Australian production of the brand in July and moving to full import status with custom components for the local and New Zealand buyers.
It marks the end of manufacture at the Dandenong factory that started in 1962 as International Harvester and then to Iveco in the mid-1990s. Iveco has for some time imported most of its trucks from Europe.
The end of the Dandenong manufacturing facility leaves Australia with only two volume truck makers – Volvo in Brisbane and Paccar in Melbourne.
Manheim are industry leaders in managing and promoting major event sales and boast Australia’s most experienced plant asset disposal team across the manufacturing, automotive and industrial categories.
Liquidity’s activities in Australia include the complete $30 million asset dispersal of General Motors Holden Adelaide facility in 2017 and 2018. It brings its expertise, global presence and significant industry database to the major assets offered across the campaign.
By Neil Dowling
Read More: Related articles
