Thursday, May 25, 2017

Assets from Harris Silver & Sons, Inc. Sold in Bulk

Loeb Winternitz Industrial Auctioneers Successfully Sells the Assets from an Illinois Scrap Processor to a Strategic Buyer

Loeb Winternitz Industrial Auctioneers announced they have facilitated the bulk sale of the assets located at Harris Silver & Sons, Inc. to Alter Trading Corporation, headquartered in St. Louis, MO. As a result the auction originally scheduled for Tuesday, May 16th was canceled.

“We are happy that we could provide added value in the bulk sale of the Harris Silver assets, stated Charles J. Winternitz, President of Loeb Winternitz Industrial Auctioneers. “With the scrap market improving, and the location of this yard, we felt there was an opportunity for a bulk sale to occur.”

Loeb Winternitz simultaneously worked with the Assignee for the Benefit of Creditors, its Attorney and the Secured Creditor to negotiate the bulk sale of the assets.

Located in Belvidere, Illinois, Harris Silver & Sons provided scrap processing of non-ferrous metal, paper, and plastic inventory since 1955, servicing the Northern Illinois and Southern Wisconsin regions.

About Loeb Winternitz
Loeb Winternitz Industrial Auctioneers, a subsidiary of Loeb, is a full service auction division specializing in Webcast and Online Only auction asset disposition services. Combining 250 years of family business values between Loeb and Winternitz Auctions, our knowledge extends across many different industries in which we currently sell, appraise and finance machinery and equipment. For more information, please visit: