Hilco Industrial Acquisitions B.V. has announced that it has begun the private treaty sale process on all machinery and equipment assets located at the Toyota manufacturing facility in Altona North, Melbourne.
The Private Treaty sale begins immediately and is scheduled to run until the plant officially closes on October 3, 2017. Upon closing, Grays Online will begin a comprehensive online auction of all remaining assets, a process which will continue until the end of February 2018.
The machinery and equipment at the Altona North manufacturing facility is extensive and state of the art as the site had produced over 3.4 million Toyota Camry, Aurion and Avalon vehicles including Hybrid automobiles since 1994, all of which were sold within Australia and for export throughout the Middle East and Asia.
The Altona plant is comprised of seven distinct facilities on a 77-acre site and was once viewed as a marvel of vertical integration in a small market. The site employed over 2500 workers, producing approximately 100,000 cars per year using both human capital and 280 welding robots to create a single vehicle.
Hilco Industrial Acquisitions directors have indicated that there has already been substantial interest in the machinery and equipment at the facility from global buyers from Asia through to North America.
“This is an unprecedented sale with machinery and equipment assets that are in exceptionally good condition,” said Robert Bouland, CEO of Hilco Industrial Acquisitions.
Bouland indicated that the availability of assets of this calibre is unusual as it represents a consolidation of facilities rather than a bankruptcy which often has older manufacturing equipment.
The equipment offered in the private treaty sale includes all categories of production from powertrain lines, the press shop, the weld shop equipment, the paint shop surface treatment and heat treatment equipment, the resin shop including plastic paint spraying, and the assembly equipment.