Sealed Bid Sale
Location: Rio De Janeiro, Brazil
Industry: Metal Manufacturing
Type: CorporateCONTACT US
Thermadyne was a major manufacturer of welding and cutting products; it changed names to Victor Technologies in 2012. Prior to this time and after a year of negotiations with White Martins, the corporation that owned adjoining property, Thermadyne was unable to close the sale of their real property.
They hired Schneider Industries (SI) to sell all of their personal property at auction. SI managed a very successful equipment and machinery auction which led Thermadyne to ask SI to sell their real property, as well, but the sale had to be negotiated within three months through a sealed bid sale, subject to seller confirmation. Within the time-line given, SI was able to present three proposals from interested buyers who were all competing with each other to purchase the building. The property was successfully sold.