Hilco to Conduct Sale of Sun-Times Printing Plant Equipment
FARMINGTON HILLS, MI—Nov. 21, 2011—Hilco Industrial has been selected by Sun-Times Media Holdings as the exclusive selling agent for certain printing equipment and related assets. Those assets, located at the Sun-Times production facility at 2800 S. Ashland Ave. in Chicago, are available for sale as a result of the publisher’s recently announced agreement with Chicago Tribune Media Group for the production of Sun-Times newspapers at the Tribune’s Freedom Center printing facility.
This sale represents an exceptional offering of late-model newspaper printing, inserting, mailroom, prepress and production support equipment.
Featured assets to be offered include: Goss web presses (new 1999), (48) Enkel reel stands, (5) Heidelberg inserters, (3) GMA inserters, (32) stackers, (2) complete prepress systems (all new 2008), complete mailroom and conveyance systems, and material handling equipment.
Sun-Times’ media properties serve more than 300 communities across the greater Chicago region and include the Chicago Sun-Times and Suntimes.com website, seven suburban daily newspapers, 39 weekly newspapers published by the Pioneer Press and 11 weekly Sun newspapers, as well as Websites 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.com for more information on this unique opportunity.
An international leader in webcast, on-site, and online machinery and equipment disposition services, Hilco Industrial 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.