FARMINGTON HILLS, Mich. - Tuesday, November 22nd 2011 [ME NewsWire]
(BUSINESS WIRE)-- Hilco Industrial, LLC, is pleased to announce that it has been selected by Sun-Times Media Holdings, LLC (“Sun-Times”) as the exclusive selling agent for certain printing equipmentand related assets. These assets, located at the Sun-Times production facility at 2800 South Ashland Avenue in Chicago, IL (USA), are available for sale by Sun-Times as a result of its recently announced agreement with Chicago Tribune Media Group for the production of the Sun-Times newspapers at the Tribune’s Freedom Center printing facility.
This sale represents an exceptional offering of late-model newspaper presses, inserting, mailroom and pre-press equipment, and production support equipment.
Featured assets to be offered include: (6) Goss Newsliner presses(new 1999); (2) Goss U70 presses (new 1999); (48) Enkel reel stands; (5) Heidelberg inserters; (3) GMA inserters; (32) stackers; (2) complete DTP pre-press departments (all new 2008); complete mailroom & conveyance systems; and material handling equipment.
The Sun-Times media properties serve more than 300 communities across the greater Chicago region and include the Chicago Sun-Times and Suntimes.com; seven suburban daily newspapers; 39 weekly newspapers published by the Pioneer Press and 11 weekly Sun newspapers; as well as Web sites for those newspapers.
Hilco is entertaining offers for the assets now through February 2012, with a one-day onsite/global webcast auction planned for March 2012.
Interested parties can visit www.hilcoind.comfor more information on this unique opportunity.
About Hilco Industrial
An international leader in webcast, on-site, and online machinery and equipment disposition services, Hilco Industrial [www.hilcoind.com] designs, implements and manages state-of-the-art sales and marketing programs to achieve maximum returns. Core competencies include understanding the true marketable value of industrial assets and the know-how to sell them at the maximum recoverable value, in the shortest possible timeframe with minimal expense. Hilco auctioneers, appraisers, liquidators and consultants have an average of 30 years experience. They have conducted well over 4,500 sales events in helping companies unlock the hidden value in their underutilized assets around the world. Hilco Industrial is a unit of The Hilco Organization [www.hilcotrading.com], a world leader in the valuation, acquisition, disposition and specialized debt and equity financing of business assets, and includes Hilco Industrial Online, Hilco Industrial Europe, Hilco Asset Sales Canada, and Hilco Acetec Mexico.
Contacts
Hilco Industrial, LLC
John Magnuson, (847) 504-3204
jmagnuson@hilcoind.com
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