PR97809

NORTHBROOK, Ill., Sept. 14, 2022 /PRNewswire=KYODO JBN/ --

Amsterdam-based Hilco Industrial Acquisitions, B.V. ( https://www.hilcohia.com/),

an operating company of U.S.-based Hilco Global (https://c212.net/c/link/?t=0&l=en&o=3646813-1&h=2735843177&u=http%3A%2F%2Fwww.hilcoglobal.com%2F&a=Hilco+Global),

announced today the sale of all assets at ThyssenKrupp Heavy Plate Rolling

Mill facility located in Duisburg-Hüttenheim, Germany to an Asian Steel

Producer.  The sale comes only six months after Hilco Industrial Acquisitions,

B.V. first acquired the Heavy Plate Mill from Thyssen Krupp Steel Europe.

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Logo -

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Europe's second largest steel producer, ThyssenKrupp, shuttered the German

facility in September 2021. During its operation, the heavy plate rolling mill

facility produced approximately 850,000 metric tons of steel which was used for

shipbuilding, offshore and heavy fabrication construction production.  In

addition to the very large Hot Rolling Mill, other items for sale included late

model furnaces, hot- and cold-levelers, hot- and cold shears, quenches, inline

ultrasonic inspection, shotblasting/priming, and numerous flame and plasma

cutting machines.

Information about the assets and more details on the project can be read here

hilcohia.com (https://c212.net/c/link/?t=0&l=en&o=3646813-1&h=2652480807&u=https%3A%2F%2Fwww.hilcohia.com%2F&a=hilcohia.com)

Relocation work will start after this summer and approximately 22,000 metric

tons of machinery and equipment will be removed from its location in

Duisburg-Hüttenheim, Germany to Asia.

Robert Bouland, Managing Partner at Hilco Industrial Acquisitions, B.V.,

stated, "We knew the acquisition represented an outstanding opportunity for

buyers seeking to purchase high-quality, late model machinery used in a

combined roughing and finishing mill." Bouland added, "We are pleased to have

had such strong interest in the mill, allowing us to close the sale of

ThyssenKrupp in just six months."

Hilco Industrial Acquisitions, B.V. continues to expand their acquisition

portfolio in the mill equipment space. This sale is the second Heavy Plate Mill

sold by the company in the last 2 years. Hilco Industrial Acquisition recently

sold the 2 million ton per year Dongkuk Steel Heavy Plate Mill from Korea in

February 2021, as well as the 2015 Danieli Rebar Mill at Posco SS Vina in

Vietnam in September 2021. Most recently, Compania Siderurgica Huachipato S.A.

(CAP ACERO) from Chile has engaged the company to sell steel and rolling mill

equipment no longer needed in CAP ACERO's continuing operations.

Enabling record breaking solutions such as the Thyssen Krupp project is Hilco

Global's strong commercial industrial platform that merges our Valuation,

Advisory, and Monetization practices to create next-level capital solutions for

its customers, providing creative and customized solutions to fit every

situation.

About Hilco Industrial Acquisitions, B.V.:  Hilco Industrial Acquisitions, B.V.

(www.hilcohia.com) is based in Amsterdam in the Netherlands and provides

industrial asset acquisition and disposition services, specializing in

machinery, equipment and inventory auctions and negotiated sales.  It sells the

broad range of industrial assets found in manufacturing, wholesale, and

distribution companies.  The company buys and sells assets through on-site,

online and combination webcast auction sale events as well as negotiated

(private treaty) sales.  In addition to providing services on a fee or

commission basis, Hilco Industrial Acquisitions, B.V. puts capital at risk and

often acquires assets or provides guarantees.

Hilco Industrial Acquisitions, B.V. is part of Northbrook, Illinois based Hilco

Global (www.hilcoglobal.com), the world's leading authority on maximizing the

value of business assets by delivering valuation, monetization, advisory, and

capital solutions to an international marketplace.  Hilco Global operates more

than twenty specialized business units offering services that include asset

valuation and appraisal, retail and commercial industrial inventory acquisition

and disposition, real estate repositioning and renegotiation, strategic

advisory, operational consulting, and strategic capital solutions.

SOURCE: Hilco Global

For more information about the project, please contact: Robert Bouland,

Managing Partner | Hilco Industrial Acquisitions, B.V., Email:

RBouland@hilcoglobal.com, Telephone: +31 651 741 363; For media and Press: Gary

C. Epstein, EVP, Chief Marketing Officer, Hilco Global,

gepstein@hilcoglobal.com, +1 847-418-2712