Hilco Industrial to lead largest automotive equipment sale in Australia

Business Wire

NORTHBROOK - Hilco Industrial Acquisitions B.V., a division of Hilco Global, will lead the disposition process for a massive machinery and equipment asset sale which will effectively shut down the automobile manufacturing business on the Australian continent.

The sale comes because of the recent closure of all Toyota Australia manufacturing operations, the last remaining auto production facility remaining on the continent.

This auto equipment sale will include all the key production shops and vendors that have been part of the manufacture of cars in Australia for over 60 years. The equipment offered includes all categories of production. All key suppliers and vendors in the sale include the following: Toyota Altona Car Manufacturing Plant; Toyoda Gosei Australia; Continental Pty Ltd.; Britax Childcare; Metalsa Australia; ROH Automotive; Toyota Boshoku Australia; Chassis Brakes International; and Denso Automotive Systems Australia.

"There has never been a sale conducted of this magnitude with such an abundance of state of the art manufacturing equipment," said Robert Bouland, CEO of Hilco Industrial Acquisitions. "While it is unfortunate to see the industry in Australia shut down operations, this sale presents a very significant opportunity for those seeking to acquire critical production equipment to augment their facilities."

Bouland indicated that the demand globally has been extremely high, especially with the Asia - Pacific region and Europe. "We expect that as we begin to publicize the sale, the North American interest will grow rapidly," he said.