Mon, 07 Nov 2016 | ADMINISTRATION
All of the plant and equipment from a 10-acre steelworks in Wales will be sold at auction over the coming months following the appointment of administrators.
AIC Steel Limited, in Newport, a specialist fabricator of framework, bridges and sports stadia, went into administration last month with the loss of 100 jobs.
More than 400 lots including JCB lifting trucks, Ford vans, Ficep and Gemini machinery and KONE cranes will go on sale in the online auction, which opens in mid-November and closes on 6 December, 2pm UK time. A view day has been arranged for 29 November.
People managing the sale said they expect the auction to attract interest from buyers around the world, adding the plant and machinery was of a “very specialist nature”, with assets ranging from heavy industrial steel fabrication machinery, gantry cranes, welding rectifiers, materials handling equipment, forklifts and commercial vehicles all up for sale.
The administrators had hoped to sell the business as a going concern but were unable to. The decision to arrange an online auction of AIC Steel's assets was taken at the end of last month.
More details of the auction and sale can be found here.
Opportunity to acquire the Business & Assets of :- A Well Established National Reprographics and Flexo Plate Manufacturer. Expressions of interest are to be made by COB Thursday 17 October 2019. All offers are to be received by Midday Wednesday 23 Oc...
Service retailer member of Europe's largest buying group. Additional gift shop in the business with additional income streams. Business across 2 units (Retail & Storage, admin & service). Sale and installation and of aerials, satellites and CCTV. Of...
LEASEHOLD
Well established care agency for sale. Situated in a predominantly residential area close to the town centre. Thriving business with ample growth potential. Highly reputed with regular and repeat trade. Offers invited.
RELOCATABLE
|
16
|
|
Oct
|
Automotive supplier completes MBO | MBO/MBI
An automotive products supplier located in South Yorkshire h...
|
15
|
|
Oct
|
Tomlinsons Dairies falls into administration | ADMINISTRATION
Wrexham-based dairy firm Tomlinsons Dairies has announced to...
|
14
|
|
Oct
|
PE firm snaps up independent video game firm | BUSINESS SALE
Private equity firm NorthEdge Capital has successfully acqui...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources