Corporate

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Oelwein

SITUATION: Community Bank of Oelwein foreclosed on Oelwein Industries, a manufacturer of heavy duty tool chests and cabinets for the medical and industrial industries. For two years, The Bank of Oelwein attempted to sell Oelwein Industries without success. The property included a 38,000 sq ft building on 5.5 acres, a product line consisting of inventory…

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Grupo Herdez

SITUATION: When a Schneider Industries Representative contacted Grupo Herdez to discuss managing a complete investment recovery program, Herdez jumped on board with hopes of receiving maximum value for their 200,000 square foot building, machinery, and equipment in Ensenada. SOLUTION: SI managed an online and onsite auction event offering Herdez’ surplus assets at auction. Bidders competed on…

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Jae Gee Wood

SITUATION: Jae Gee Wood owned a woodworking facility in Anahuac, Nuevo Leon, Mexico, consisting of real estate and equipment. The plant was located in a very difficult area in Mexico, on the border with the United States. The real estate consisted of 250,000 sq ft facility on 120 acres of land. The facility was still…

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Advance Pierre Food

SITUATION: Advance Pierre Food’s facility located in Orange City, Iowa, closed its doors leaving the real estate and the majority of the production equipment sitting idle. Advance Pierre Foods wanted to sell their 186,968 square foot frozen food plant and all surplus assets as a package to the highest offer. An end user in the…

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Takata

SITUATION: Takata, a manufacturer of air bags, relocated their Monclova manufacturing facility in Coahulla, MX, and was left with a building that was no longer needed. Schneider Industries (SI) stepped forward. SOLUTION: After only a few short months of marketing the property and with negotiations between Schneider Industries and a handful of interested buyers, a…

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Thermadyne

SITUATION: 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. SOLUTION: They hired Schneider Industries (SI)…

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South Louisiana Ethanol

SITUATION: South Louisiana Ethanol (SLE) filed a motion with the United States Bankruptcy Court for approval of a private sale and public auction of real estate and all available assets located in Louisiana to pay expenses owed to Whitney Bank in New Orleans, LA. SOLUTION: Whitney Bank filed an application to employ and retain Schneider Industries…

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EnerDel

SITUATION: EnerDel owned a lithium ion battery production facility in Ft Lauderdale, Florida, that produced small format battery cells. EnerDel was exiting that market and no longer had need for the 30,000 sq. ft. building or the assets. EnerDel was expecting to scrap the machines, designed in 2004, due to their specialized nature. EnerDel needed…

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Bumble Bee Foods LLC

SITUATION: Hurricane Katrina severely damaged the Bumble Bee Foods processing plant in Violet. Because of the cost associated with rebuilding, Bumble Bee decided to sell the equipment, machinery, and real estate. SOLUTION: Bumble Bee Foods contracted Schneider Industries (SI) to assist in the sale of the 135,000 square foot building located on four acres, as…

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Ach Food Companies, Inc.

SITUATION: Ach Foods closed its edible oil and shortening processing facility in Champaign, IL, and hired Schneider Industries to manage an orderly negotiated sale of the processing plant located on 35 acres and all machinery and equipment. SOLUTION: SI was successful in selling all the equipment in a little over six months and secured a…