When a prominent shoe manufacturer in South Africa decided to close its factory in the Western Cape it needed to dispose of a large number of industry specialized assets in a short period of time.
With a massive factory full of equipment needing to be dispose of, the client turned to Liquidity Services for a strategic partnership on the project. Liquidity Services provided resources, experience, and knowledge of surplus assets, as well as a proven ability to garner higher recovery values while protecting sustainability objectives. The full project included cataloguing, the auction process through to invoicing and asset releasing.
Some of he surplus assets included:
• 42 Station Injection Moulding System • Sole Degreaser Machine • Industrial Racking & Shelving • Toe Laster Machine • Splitting Machine • Pneumatic Blocking Machine • Leather
Our marketing team put together a customized marketing strategy for this client that ensured we attracted both local and global buyers. The marketing efforts for this unique sale paid off with 43 947 page views which led to 210 assets sold on auction. Total sales exceeded the client’s expectations, achieving 156% of the reserve price.