Industrial auction nets six-figure sum

The assets of a steel fabrication business that went into liquidation fetched a six-figure sum when they were sold through an online auction. BPI Auctions handled the sale of metalworking equipment and vehicles from Midland Metal Fabrications, which ceased trading in May. Lots included industrial equipment ranging from CNC machine tools and welding extraction units to a gas-fired spray booth, welding robot and powder coating line. Marcus Smith from BPI Auctions says that conducting online auctions of a liquidated company’s assets simplifies the sales process for both vendor and purchaser.

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