NORTHBROOK, Ill., April 27, 2023 /PRNewswire/ -- Amsterdam-based Hilco Industrial Acquisitions, an operating company of US-based Hilco Global, today announced a strategic partnership for the sale and management of the disposal project and removal of all assets of Vallourec Deutschland GmbH, located in two production sites in Düsseldorf-Rath and Mulheim an der Ruhr. The assets to be sold are mainly related to the seamless steel tube production lines. The sale will be conducted in collaboration with National Machinery Exchange, Inc. Hilco Industrial Acquisitions has listed these assets for sale on its website Hilcobid.com. Production will cease at the end of 2023.
Vallourec Deutschland is a world leader in the production of high-quality tubular solutions for energy markets and demanding industrial applications, such as oil and gas wells in harsh environments, next-generation power plants, demanding architectural projects, and high-performance mechanical equipment. On November 18, 2022, the company's management and worker representatives mutually agreed to close their operations in Germany. Vallourec is known for its innovative spirit and cutting-edge research and development, which allows them to explore new technological horizons.
Featured Teams – Plant No. 1 - Düsseldorf-Rath, Germany16"
Plant No. 2 - Mülheim an der Ruhr, Germany 7.5" Pipe Fabrication Equipment
According to Robert Bouland, CEO of Hilco Industrial Acquisitions, the sale of assets on behalf of Vallourec Deutschland represents an exceptional opportunity for buyers looking for high-quality, modern machinery for various industrial applications. These applications include mechanical tubing, structural tubing, industrial round tubing, boiler heads, nuclear for power generation, and OCTG for oil and gas. Bouland further added that they expect to receive a considerable level of interest from Asia, the Middle East and the Americas. In addition, the company is willing to study offers from potential buyers to acquire a complete package of significant assets.
To arrange an inspection, for more detailed information on the assets being sold or for specific information on the sale process, please contact: Margot Ter Bogt (mterbogt@hilcoglobal.com)
About Hilco Industrial Acquisitions, B.V.: Hilco Industrial Acquisitions, B.V. ( www.hilcohia.com ) is headquartered in Amsterdam (Netherlands) and provides acquisition and disposal services for industrial assets, specializing in auctions and negotiated sales of machinery, equipment and inventories. It sells the wide range of industrial assets found in manufacturing, wholesale and distribution companies. The company buys and sells assets through on-site, online, and Internet auctions, as well as negotiated sales (private agreements). In addition to providing services on a fee or commission basis, Hilco Industrial Acquisitions, B.V. puts up venture capital and often purchases assets or provides collateral.
Hilco Industrial Acquisitions, B.V. is part of Hilco Global (www.hilcoglobal.com), headquartered in Northbrook, Illinois, the world's leading authority on maximizing business asset value, providing valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units that provide asset valuation and appraisal services, commercial and industrial inventory acquisition and disposal, real estate repositioning and renegotiation, strategic advisory, operational consulting, and strategic capital solutions.
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