Case Study - FEDDERS CORPORATION - Nashville, TN
SITUATION: During a two year period of working with an international real estate company, trying to sell the Nashville, Tennessee real property through a traditional listing, the broker failed to present a suitable offer to Fedders. Fedders hired Schneider Industries to sell their equipment, machinery and real property at auction.
SOLUTION: Fedders Corporation, a major manufacturer of Air Conditioning and Filtration products, hired SI to conduct an auction of 2 facilities, one in Effingham, IL and one in near Nashville, TN. The plant in Columbia, TN was an Injection Molding Facility.
SI sold all machinery and equipment in both facilities and also successfully offered and sold the Real Estate at auction for close to $1,000,000 near Nashville, TN. The company was very pleased with the results.
Case Study - OELWEIN INDUSTRIES - Oelwein, Iowa
SITUATION: Community Bank of Oelwein foreclosed on Oelwein Industries, a manufacturer of heavy duty tool chests and cabinets for the medical and industrial industry. For two years, The Bank of Oelwein attempted to sell Oelwein Industries without success.
The Bank of Oelwein’s offering price for the 38,000 sq ft building on 5.5 acres; the product line consisting of inventory and drawings and the equipment consisting of medal fabrication equipment was $495,000.
SOLUTION: The Bank of Oelwein contacted Schneider Industries to assist in the sale of the business.
At auction, Schneider Industries secured a buyer from Minnesota resulting in a net return to the bank of $452,000. Creating a win/win situation for all parties involved.
Case Study - All-BRANDS EQUIPMENT COMPAN - centrailia, il
SITUATION: After sitting on the market for one year through a traditional real estate listing the owners needed to get reasonable offers quickly for the sale of their real estate as well as the equipment.
SOLUTION: Schneider Industries was hired to manage an accelerated marketing program for the sale of the equipment, machinery and real estate at auction. Two months after the signed agreement between the owner and Schneider Industries.
SI sold all M&E in facility for approx. $95,000 and also successfully offered and sold the Real Estate at auction for $200,000. The owner was very happy with the results of the auction process.
Case Study - THERMADYNE - Rio De Janeiro
SITUATION: After a year of negotiations on the sale of Thermadyne’s real property in Rio De Janeiro, with White Martins, Thermadyne’s adjoining neighbor in Rio De Janeiro, Thermadyne was unable to close the sale of their real property.
SOLUTION: Thermadyne, a major manufacturer of welding and cutting products, hires Schneider Industries to sell all of their personal property at auction. Schneider Industries managed a very successful auction for Thermadyne which led to Thermadyne asking Schneider Industries to sell their real property as well. Schneider Industries was given three months to offer the real property through a sealed bid sale, subject to seller confirmation. Within the time-line given, Schneider Industries was able to present to Thermadyne three proposals from interested buyers who were all competing with each other to purchase the building.
