Winternitz Industrial Auctioneers & Appraisers has completed the liquidation of surplus assets from Hi Crush’s Sand Mining operations in Whitehall, Wis., and are transitioning to an auction of remaining assets. The auction will happen Oct. 14.
This facility was constructed in 2014 and was capable of producing nearly 3 million tons of 20/100 frac sand per year. The liquidation has been ongoing over the past four months, generating substantial recovery value for large and complicated production equipment. The process has now shifted to the final sales phase of auctioning the balance of the assets.
Winternitz is an industrial liquidation firm. This sale is being conducted in conjunction with Heritage Global Partners, a global asset and auction advisory firm.
The “like new” assets in this sale includes equipment from both of Whitehall’s wet plant and dry plant operations: impact crushers, filter presses, radial stackers, elevated overland conveyors, trough conveyors, vibratory scalping screens, durability attrition cell mills, gravimetric weigh feeders, separators and slurry pumps, bucket elevators, plant support equipment, vehicles and office equipment
“Our sales process really shined throughout the liquidation. We have been fortunate to generate above market value for our client. The operations were only active for a few years, and the excellent condition of the equipment increased the growing demand within the mining, aggregate and material handling industries.” said Charles Winternitz, president of Winternitz Industrial Auctioneers. “This sale represents a great opportunity to serve our customers in the sand mining industry, and also presents a great option for those who are considering a startup sand mining business,” he added.
Inspection of all items included in the auction will be on Oct. 13. Contact Charles Winternitz at 847-729-3380 or via email [email protected]. For more information and a complete listing of all lots, go to www.winternitz.com.