Hilco Industrial is an industrial asset management specialist, working with a broad range of industry sectors to maximise the value of surplus and underperforming machinery, inventory and equipment. The firm uses a number of approaches to optimise value for their clients, including live onsite auctions, timed online auctions, webcast auctions, private negotiated sales and turnkey sales. Hilco Industrial is selling welding and fabrication equipment, lathes, machine tools and other machinery formerly of Philadelphia Energy Solutions.
Philadelphia Energy Solutions operated an oil refinery facility in south west Philadelphia, the largest on the East Coast. The refinery was closed down following a fire in 2019. The 1,300 acre site was bought by Hilco Redevelopment Partners who plan to demolish and rebuild on the site, with a view to developing a major commercial and distribution hub, and creating 8,000 union construction jobs as well as 10,000 permanent jobs.
The online auction takes place over three days with lots closing on the 27th, 28th and 29th of October. The assets can be viewed on the 23rd and 26th of October, or earlier by appointment. Items featured in the auction include: US Industrial 155-Ton x 10’6” hydraulic press brake; Scotchman D0 8514-20M 85-ton hydraulic ironworker; DoAll C-916M & 400S horizontal band saws; Pacific hydraulic press brake; Bertsch 8’ plate bending roll; Chicago apron and finger brakes; Marvel Series 8 Mark II vertical band saw; welding positioners by Aronson, Ransome and Pandjiris; Profab 50-KVA spot welder; Miller welders; Ridgid & Oster pipe threaders; Swagelok benders and swaging unit; Ridgid manual pipe threaders; lathes by American, LeBlond, Clausing-Colchester and Hardinge and much more.