St. Marys Paper Mill Assets to Be Auctioned Onsite and Internet Bidding

June 14, 2012 - Hilco Industrial announced that it has been assigned, as awarded through the court appointed receivership, to liquidate the assets of St. Marys Paper Corp., Sault Ste. Marie, Ontario, Canada.

Hilco is immediately conducting a pre-sale of certain equipment and then hold a live onsite auction with Internet bidding on June 20 and 21.

Major contents of 700,000 Sq. Ft. paper mill complex consist of: paper machine, wood room in-feed system, original new cost of $12,000,000 in stores inventory, slitters, winders, super calendars, pulpwood grinders, paper roll wrap line, electric motors, air compressors, overhead cranes, wheel loaders, locomotives, forklifts, trucks, large lathes, shears, steel inventory, etc.

For complete details of the auction and complete inventory list, please visit Hilco Industrial at: Hilco - St. Marys Paper Mill Auction

Hilco Industrial conducts more than 75 machinery and equipment auctions and orderly liquidations per year covering the broadest spectrum of industries, company types and levels of technology.

SOURCE: Hilco Industrial