Auction for Co-Packer of Prepared Salads, Sauces, Dips and Spreads

 

Rabin is holding an upcoming auction in association with Capital Recovery Group & PPL Auction Group for the equipment from the former Hot Mama’s.  The online auction opens for bidding on March 2, 2015 at bidspotter.com and closes on March 5th. 

The auction’s pre-inspection will take place on March 4 from 9 am – 4 pm, or if desired, you may inspect items by appointment at an earlier date.  The location of the equipment is 120 W. Palatine Road, Wheeling, Illinois.  Furthermore, without exceptions, the final date for check-out is Friday, March 13^th and any items that have not been checked out will be deemed abandoned. 

Auction items from this specialty food producer of prepared salads, sauces, dips and spreads include some items that have never been used. These are a Praxair Coldfront 40" x 16' LN2 IQF tunnel that was purchased new in 2013 and is still on a skid.  A Quadrel Q65A top and bottom automatic labeler that is also new as of 2013 and still crated.  Lastly, an Olney GP24 flotation/destoning washer still on a skid and purchased new in 2013. 

Other items include preparation equipment such as two Stephan high-speed batch mixers (model TK 150) and four Stephan Microcut emulsifiers (models MCH-15, -20, and MCH-D150N).  There is filling equipment such as the Pack Line 12 station rotary cup filling machine for 5" dia. cups and Pack Line 2 up cup filling and sealing machine (model PXG-2-PAO).  Additional auction items include equipment for packaging, test kitchen & QC lab and mobile equipment such as a Hino 24' refrigerated box truck.

For the complete listing of items, go to our Rabin website.  There you will find more comprehensive details as well as all of the information on how to get registered to bid.  If you need further information or have questions, please contact us.     

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more.auc

Rabin is headquartered in San Francisco with an office in Manchester, United Kingdom.  Please contact us to learn more about our services.

 

 

Upcoming Auction for a Bread Baking Facility

 

In business for over 60 years, Rabin is a family-held industrial auction and real estate investment company that focuses on the acquisition and sale of industrial equipment and facilities around the world.  We are pleased to announce an upcoming auction for a Bread Baking Facility that was formerly known as the Specialty Bakery Company. 

This auction is ONLINE ONLY and will be held through bidspotter.com.  The inspection site is at 1365 North 10th Street, San Jose, CA and starts on February 2^nd -3^rd, 2015 from 9 a.m. to 4 p.m.   The online auction opens February 2^nd and closes February 4th.   

The auction categories include the Mixing Department, which has items such as APV 1,110 lb. S/S roller bar mixer, High production ice makers, Flour sifting and transfer.  The Bread Line includes auction equipment and machinery such as: Werner & Pfleiderer 4-pocket divider, Benier rounder, Benier 900-pocket intermediate proofer, and SuperGrain sheeter/moulder.

The Baking Department offers items such as: Reed 5-door pass through proof box, (3) Revent double-double rack ovens, (3) Adamatic double-double rack ovens, and Rainier rotary tray oven.  The Bag Line includes the following items: UBE band slicer, Formost bagger, and (2) Kwik-Lok bag closers.  Finally the Plant Support items include: Walk in/Drive in coolers and freezers, Yale LPG forklift, Elliot Magnetek 250 KW gen. set, Boiler and Spare parts.

Please see our website for the complete details on the Bread Baking Facility auction and the information on how to sign up to bid.  While you are there, take a look at our other upcoming auctions and be sure to check back frequently for new listings.  Contact us if you need further information regarding any of Rabin’s services. 

Rabin assists companies with creating liquidity through innovative solutions. We specialize in complex manufacturing facilities with idle or marginally productive assets. Rabin’s operations include selling surplus individual items, entire plants, or multiple plant locations by auction or liquidation and much more.

Auction for a Complete Pasta Manufacturing Facility

 

Among several upcoming auctions for Rabin is the complete Production Facility of Fresh & Filled Pasta, which was formerly the Pasta Reale UK.  The auction takes place Live and Online from January 28-29^th.   Day 1 of the auction is on Wednesday, Jan 28th and starts at 11:00 a.m. (On Site and Online).  The location is at the Premier Inn Gatwick Airport Manor Royal Hotel, Fleming Way, Business Quarter, Crawley, U.K.  At this time, lots 1-399 will be auctioned off.   

Day 2 of the auction opens on Monday, Jan 19th & closes Thursday, Jan 29^th.  This portion of the auction is ONLINE ONLY and, at this time lots 400 – 681 will be auctioned off.  The online bidding is done through bidspotter.co.uk.  The auction preview starts on Jan 27th from 9 a.m. - 4 p.m., or may be done by setting up an earlier appointment.

The complete Production Facility of Fresh & Filled Pasta offerings include exceptional late model pasta equipment for small, medium and large producers.   There is more than a 60,000 square foot production floor with (10) complete production & packaging lines.  Included in auction items are numerous new installations as late as 2013 such as:  Agnelli filled pasta lines with auto mix and shuttle delivery; Italplast pasta extrusion lines for small unfilled products; and MBP 14 & 16 head all stainless multihead weigher platforms. 

Inventory also includes items from: Versatile Packaging Machines for All Food Producers and General Plant & Support Equipment.  A few examples are:  Complete preparation & cooking department with Hobart meat mincers, mixers, kettles & product washers and Daiken skid mounted glycol chiller system (new in 2014).

Please see our website for the complete list of items for auction and instructions on how to sign up to bid.  Be sure to take a look at other upcoming auctions.  Contact us if have further questions. 

Rabin has been assisting companies with creating liquidity through innovative solutions for over 60 years. We specialize in complex manufacturing facilities with idle or marginally productive assets. Contact us for more information regarding our professional auction liquidation services.

Liquid Foods Manufacturing & Packaging Plant Auction



Now that the New Year is here, Rabin has several large auctions on our calendar.  First up in January is the auction for an entire Liquid Foods Manufacturing & Packaging Plant that was formerly known as Royal Food Products.  It will be held on January 21, 2015 starting at 10 a.m. and is both on onsite and online auction.  The preview will take place on January 20th from 9 a.m. – 4 p.m. or you may make an appointment to view items earlier. 

The auction will take place at the Homewood Suites in downtown Indianapolis at 211 S. Meridian Street.  In addition to the equipment and machinery, there is 8.31 acres of real estate available that contain 66,000 square foot of industrial space on 2 of the 6 parcels (not all contiguous).  Two of the acres are zoned for residential use.  The property is at 2322 East Minnesota Street, Indianapolis, Indiana.

The Liquid Foods Manufacturing & Packaging Plant had produced a full range of sauces, dressings, snack dips, energy drinks, and specialty dairy foods and the Rabin website only has a partial listing of the extensive auction items.  The auction will be held in conjunction with BidSpotter, where you will find the complete inventory of items for sale. 

Equipment and machinery for this large auction include categories such as: Dairy Based Process Department; Snack Dip Make-up & Packaging Lines; Drink & Energy Booster Packaging Line (2oz. to 64 oz. P.E.T. bottles); Salad Dressing Make-up Department; Dressing & Sauce Packaging Line to 128 oz.; and Bulk Storage Tanks & Support.  An example of items from the Snack Dip Make-up & Packaging Lines is the complete snack dip make-up deck with cookers, kettles and holding tanks; World Cup rotary cup filling lines for 1.5 oz. single servings to 60 oz. containers. 

 

While the auctioneer does not recommend nor endorse any rigger, rigging company, moving and/or shipping services, Rabin does have several companies posted for information purposes only.  Please see our website for complete details on this auction as well as our other upcoming auctions.  Contact us if you need further information. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to learn more about our services. 

Rabin’s Fascinating History in the Industry

Rabin is one of the few liquidation companies that can provide all of the resources you need whether it is a professional appraisal, to sell surplus equipment and machinery, or liquidate an entire business. As an international family-held industrial auction and real estate investment company in business for over 60 years, we have the size and financial ability to take on deals of any magnitude and of any complexity.  It is a fascinating story of how Rabin developed into one of the top auction and liquidation companies in the world.  

Shortly after serving in WWII and the Korean War, the Rabin brothers started a small business in the early 50’s selling war surplus through liquidations in their hometown of San Francisco.  By the end of the decade, Henry Rabin started his own business with a focus on liquidations. 

The 60’s presented an opportunity for the business to grow by holding several big auctions for companies in the mining business.  The Natomas Company was famous for extracting more than $100,000,000 of gold by hydraulic mining and the Golden Cycle Mining Company.  

The following decade brought the Rabin brothers back together to form Rabin Brothers Auctioneers in 1972.  One of the big accomplishments in 1975 was selling the Railway Express and their over 200 depots that required Rabin to stage and assemble 26 auctions in different locations across the U.S.  The 70’s also established Rabin as renowned experts in food service auctions with the Rheingold & Schaefer Brewing Companies auction.

By 1987, Rabin’s had its first airline auction with Braniff Airways and introduced the industry to theater-style auctions.  For the first time, buyers could view and bid on items while comfortably seated in a theater-like setting (in this case, out of the blazing sun). Shortly thereafter, all auction companies adopted this method.

In 1995, Rabin expanded operations internationally by opening an office in the United Kingdom.  Further expansion in 2003 included the Asia-Pacific with liquidation and auction of the Kraft chewing gum factory in China followed a few years later by an auction in the Middle East of the Tnuva Dairies, Israel’s largest food maker.  Please see our full history and timeline at the Rabin website. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Please contact us to discover how we can help you with our professional asset liquidation process.

Solutions Beneficial to Our Clients and the Community

At Rabin we specialize in finding solutions that not only work for the seller; but we also try to find the best solution for the buyer as well as the community where the business resides.  Such was the case with the Catalyst Paper Mill in Snowflake, Arizona that closed in August 2012.  Since the company did not want the facility to be used as a paper mill in the future, all of the equipment would need to be liquidated. 

Our job was further complicated by a landfill with environmental liabilities and 45 miles of railroad track that had contributed to the economic growth of the community impacted by the closing of the paper mill.  To provide solutions for all concerns, Rabin purchased the property that contained the paper mill, the equipment, machinery and vehicles, the 19,000 acres of grazing land, the landfill and the industrial acreage. 

We sold a portion of the land and the landfill to an adjacent neighbor as well as held a successfully auction for the equipment, vehicles, and machinery.  In addition, we worked with the town and the railroad to come to terms on an agreement that would continue to provide the town of Snowflake services for low-cost transportation of freight.  The final piece of the project was to work with the local water district to discover ways to maximize the 19,000 acres of land.   

This is one example of the Rabin difference.  By building on our decades of experience in equipment auctions and appraisals, we can specifically target manufacturing plants and facilities as well as the equipment and processing lines, and any surplus, new/unused, rebuilt, and used/second hand equipment.  Our comprehensive services include auctioning the equipment as well as repositioning the real estate.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Our operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

Is Your Business Closing? Helpful Tips for Liquidating

If you wish to close your business and have been unable to find a buyer, liquidating assets can offer a valuable solution.  Although before you do anything, you need to take the time to set up a plan, which should include consulting with your attorney and tax advisor.  Also, remember that if you are liquidating assets to satisfy creditors you may need to obtain their consent to do so. 

To get started, make a list of all the company’s assets such as equipment and machinery, office furniture, technical devices, vehicles and property that the business owns.  Include your inventory and intangible assets like business licenses, permits, patents, or trademarks as well as your customer list and business contacts. 

Make a note the condition of the asset, the age, maintenance history and repairs, and any warranty information along with taking photos.  Evaluate the condition of an item, and if anything is worn out or obsolete, it can be donated and used as a tax deduction or recycled.  If you have leased equipment, find out how much you still owe and whether it makes sense to buy it if you think you could sell it for more money than you owe. 

To establish the liquidation value of your assets, it is a smart idea to work with a qualified appraiser.  You are going to want a written liquidation value appraisal before you consider any purchase offers.  By using the services of an a company that specializes in asset recovery and disposition, they can assist with the sale as well as help to determine the best type of sale for your situation whether it is through an auction or liquidation.

Once you start to liquidate these assets, remember to keep good records of the marketing process, purchaser, and the amount of money you received.  You will need all of this information for your tax returns.

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we can help you with our professional asset liquidation process.

More Terms Used in the Appraisal Process

At the Rabin Company we are a family-held industrial auction and real estate investment company that has a focus on the acquisition and sale of industrial equipment and facilities around the world.  This is our second installation of blogs dealing with terminology used by the industry for determining valuation in an asset-based lending or disposition process.

The American Society of Appraisers defines the following terms based on standard appraisal theory: 

·         Fair Market Value in Continued Use with Assumed Earnings - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and assuming that the business earnings support the value reported, without verification.

·         Fair Market Value in Continued Use with Earnings Analysis - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date and supported by the earnings of the business.

·         Fair Market Value (Installed) - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering market conditions for the asset being valued, independent of earnings generated by the business in which the property is or will be installed, as of a specific date.

·         Fair Market Value (Removed) - An opinion, expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering removal of the property to another location, as of a specific date.

Our professional asset appraisal services provide an essential starting point for any asset-based lending or disposition process.   At Rabin we base valuations on our actual sales as well as sales values in the marketplace, and we consistently deliver asset values to banks and corporations that they know they can rely on.  

In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company. Our seasoned appraisers have completed hundreds of reports, providing our clients with real-world obtainable value conclusions.  Please contact us to learn more about our comprehensive services. 

Source:

Machinery & Technical Specialties Committee of the American Society of Appraisers, July 25, 2010

http://www.appraisers.org/Disciplines/Machinery-Technical-Specialties/mts-appraiser-resources/DefinitionsOfValue

Using Your Equipment and Machinery Assets as Collateral

Collateral is the property or other assets that a borrower offers to a lender to secure a loan, and will be forfeited and typically sold in the event of a default.  Very often businesses use assets such as equipment, machinery, buildings or inventory as collateral to reassure lenders that they have another source of repayment if the need should arise.  

When financing new business assets, they are in most cases automatically considered collateral until such a time that the loan is paid in full.  If the amount of equity you put toward the purchase of the new assets is considered insufficient, other assets may be required as collateral toward the debt. 

According to the U.S. Small Business Association, “Certified appraisals are required for loans greater than $250,000 secured by commercial real estate. The SBA may require professional appraisals of business and personal assets, plus any necessary survey and/or feasibility study.”  They further state that when real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third-party valuation on transactions of $50,000 or more.

For any SBA loan, all owners are required to make a personal guaranty that consists of 20% or more of the business along with any other individuals who hold key management positions. They state that, “Whether a guaranty will be secured by personal assets or not is based on the value of the assets already pledged and the value of the assets personally owned compared to the amount borrowed.”

This is where the services of a company such as Rabin are invaluable by offering accurate third-party valuations to a business.  Our asset appraisal services provide an essential starting point for any asset-based lending or disposition process.  For over 60 years, we have expertly assisted companies with obtaining working capital by valuing assets promised as collateral to asset-based lenders and investors. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency. 

Source:

Small Business Association https://www.sba.gov/content/collateral

Capital Equipment Purchases

Regardless of whether your company is large or small, making capital equipment purchases require careful consideration.  Identifying your needs for replacing, upgrading or adding to your current inventory of capital equipment and machinery needs to be reviewed and analyzed for all available options. 

By recognizing the significance of capital purchases for equipment and machinery, a business needs to determine if the new pieces will add value and perform well over their expected life span and beyond.  This is where a lifecycle analysis can help.  It is used to chart out the full cost of ownership and compare the costs between different models and the price difference if bought new, used, or leased.
 

The process of a lifecycle analysis takes into account the full price of the leasing agreement and the purchase price of buying the equipment new or used.  Factors should include: delivery charges, installation fees, any training costs, maintenance, and depreciation.  Other things to figure in would be the cost of disposing of your existing equipment and any plant layout changes the new equipment or machinery will require.  If financing the equipment or machinery, be sure to include any interest charges as well. 
 

Used equipment may be your best bet for equipment or machinery that is not technologically dependent and is not likely to become obsolete in a short period of time.   Also new or used equipment allows you as the owner to make modifications, whereas with rental equipment, you generally are locked into that piece of equipment for a set period of time and cannot make any alterations to it.  
 

We encourage you to check out our current and upcoming auctions and liquidation sales at Rabin.  As leading industrial and commercial liquidators, Rabin has sold equipment assets in every trade sector and on almost every continent. We purchase complete factories, including real estate, and conduct auctions of any size on behalf of our clients.
 

In business for over 60 years, Rabin Worldwide is an industrial auction and real estate investment company, with a focus on the acquisition and sale of industrial equipment and facilities around the world. In addition to being specialists in providing companies with expert asset valuation and asset recovery services, we also run an in-house commercial real estate investment and management company.  Rabin Worldwide is headquartered in San Francisco with a European subsidiary office in Manchester, United Kingdom.

 

Better to Buy Used Equipment or to Lease?

If you are wondering if it may be a better idea to buy at auction or to lease the equipment you need, there are several things you should consider before you make your decision.  To start with you probably want to evaluate how much and for how long you will use the equipment as well as your company’s financial situation.  In many cases, purchasing good used equipment can be cheaper over the long run, and when you are done with it, you still own something of value to sell.

Leasing makes sense for equipment needs that are short term or if it is the type of equipment that requires frequent replacement as it wears out quickly or becomes obsolete.  Another advantage is you typically put up less money upfront, as most leasing agreements do not require a large down payment.  You can also take rentals as leasing expenses on your taxes, but you need to figure out if it outweighs the convenience and long term benefits of buying your own equipment.  And your own equipment can be depreciated over time on your taxes. 

Buying at auction is a perfect solution for heavy industrial or farm equipment and machinery as it typically has a long life span and does not become technologically outdated in a short period of time.  The best deals come down to condition, and the newer the equipment and the better the condition it is in, the more valuable it will be.  And keep in mind, even if you buy at auction, you generally can still finance it. 

If you are thinking of buying at auction, you may want to take part in some online auctions or attend a couple of live ones to get an idea of prices on the equipment and machinery you are interested in.   Keep in mind if you do plan to buy used that you will want to do your homework and find out everything you can about that equipment.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more.  Check out our reviews here.

 

Rabin’s Auctions are Run Extremely Well

Rabin auctions are fun and exciting and offer bidders not only an opportunity to bid on great machinery and equipment at a fraction of the original price but to network with others in the industry.  However in order for our auctions to run smoothly and efficiently, it takes a team of proficient, experienced professionals to ensure that always happens.

 

In addition to the preparations that are required to get auction items ready to sell, we also have work to do to get an auction site ready before the sale takes place.  Generally our crew starts preparing the site the day before but it depends on the size of the auction. For bigger sales, the site preparation may require a few days. 

If the auction is scheduled to take place in the factory, it is cleaned and everything is double-checked to make sure it is ready to go.  The next step is to set-up the technology that will be used during the sale.  Rabin’s auctions require state-of-the-art audio visual equipment, screens, a stage, a podium for the auctioneer as well as tables and chairs set-up for the bidders. 

To simultaneously run the live auction site and the Internet bidding, we utilize screens, computers, and PA systems to professionally deliver the auction proceeding to our bidders.  Additionally we need to set-up high-speed Internet connections and phone services to allow online customers to bid over the Internet or to call-in a bid. 

Our decades of experience and a proven track record of providing successful auction and liquidation services have allowed our clients to put their trust in us.  Please check out our website to learn more information about upcoming auctions.  If you wish to sell surplus items, please contact us and we will provide you with a free, confidential consultation. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Professional Auctions and Liquidation Sales at Rabin

As leading industrial liquidators and auctioneers, we have been offering both sellers and buyers with exceptional auction and liquidation services for over 60 years.  You will find we sell industry equipment and machinery that encompasses a wide range of industries. 

   

An example of one of our recent auctions included a Major Producer of Fresh and Frozen Bakery Products that was held in partnership with the Gordon Brothers Group and Capital Recovery Group.  The online bidding took place at bidspotter.com and the live auction site was at the Dobake Oakland Facility in Oakland, CA. 

The types of equipment included a complete cracker/biscuit production line with rebuilt sigma type tilt mixer, APV pre-sheeter, Sasib gauge rolls, BP 1 meter x 200' direct fired oven, Illapak right and left hand wrappers, Hayes cartoner and case packer.  The equipment and machinery is suited for quick serve restaurants, food service outlets, retailers, schools, warehouse club packs, convenience stores, and vending applications throughout the USA.

As for our liquidation services, we are currently listing high-quality construction equipment that is available for immediately sale.  The items are located at the Port of Mobile, Alabama.  Examples of the equipment include several 2006 Komatsu Haul trucks along with several Caterpillar Haul trucks.  Also the listing includes two Hitachi EX1800 Excavators that are located at Port of Jamaica. 

  

At Rabin we have sold equipment assets in every trade sector and on almost every continent.  For buyers we encourage you to take a look at our website to see all of our current liquidation items or to find out information regarding upcoming auctions.  If you need to sell surplus equipment, our services can help you to realize maximum value.  Please contact us for a free, confidential consultation. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

The Steps that Go into Preparing a Rabin Auction

One of the reasons that Rabin auctions are so successful is that we carefully plan out everything right down to the very last details.  We start the process weeks, and in some cases, months before the auction even takes place to ensure it is well-organized and runs without a hitch.  Our sellers and buyers alike have come to expect nothing less of a Rabin auction.

 

To set up a factory for an auction, our experienced team goes through the facility and does a complete inventory of the equipment, which helps to determine the order of the sale. The next step is to clean the equipment and machinery and then arrange it so it can be optimally viewed during the auction.  We do our best to keep big pieces of equipment hooked up and ready to demonstrate operational abilities.

 

For smaller equipment, we gather it together and visually display it so buyers can see what they are bidding on.  Much smaller items are grouped together in lots and generally offer a good value.  From here the Rabin team catalogs the items recording all of the pertinent information including photographs and tagging each item with a number. 

For over 60 years, Rabin has taken a comprehensive and detailed approach to all of our auctions.  As leaders in the industry, we have sold equipment assets in every trade sector and on almost every continent.  We have the leverage to purchase complete factories, including real estate, and conduct auctions of any size on behalf of our clients. Please contact us if you are interested in selling or buying at one of our auctions. 

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

An Environmentally Responsible Way to Recycle Equipment

It may not have occurred to you but auctions are an environmentally-friendly service.  They offer an efficient way to keep functioning machinery and equipment out of landfills, and instead, get it into the hands of companies who need it.  Large, well-established companies can get rid of their older equipment in a cost-effective manner by selling it to make room for new, up-dated pieces.  Smaller companies or start-ups benefit by having an opportunity to purchase equipment they could never afford to buy brand-new. 

At auction a new company may be able to buy a complete production line or purchase their first pieces of manufacturing equipment to get the business started.  Sometimes companies only use the equipment until they have the means to purchase new or newer used equipment.  This cycle of companies selling off their older equipment to purchase new or newer used equipment keeps it out of landfills while it is still operational.  Often a piece of machinery may be sold several times over before it has outlived its usefulness.

   

Even once a piece of machinery is no longer operational or becomes obsolete, auctions provide a method for selling unusable equipment for scrap metal.  The metal is extracted from the machinery and then sold to refineries to be recycled into new products or building materials, thus continuing the recycling process.

We invite you to visit the Rabin website and take a look at our current auction listings that are comprised of a wide range of industries.  Also be sure to check back frequently as we are always updating our inventory of equipment and machinery.  In addition if you have surplus equipment to sell, please contact us for a free confidential consultation.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

Great Deals on Equipment Can be Found at Auctions

If you are a business owner and want to expand operations or need better-quality equipment, you know it is not easy to come up with the type of capital required to buy brand-new.  This is why you should look into purchasing used equipment at auction or through liquidation sales.

   

Manufacturing equipment is different from high-tech devices such as computers as it is built to last and can easily run for decades.  Furthermore just because a company decides to sell used equipment does not necessarily mean it has outlived its usefulness.  It may be a case of downsizing or needing to make room for up-dated equipment.  In some cases, a company may be going out of business and must sell.  Whatever the reason, it presents a perfect opportunity for small businesses such as yours to come in and buy up equipment that would be out of reach if it was brand-new. 

Frequently used equipment is from large corporations that have the ability to invest the type of capital that is required to purchase brand new, state-of-the-art equipment.  Many times they routinely replace their equipment once newer models become available with improved capacities, faster output and new engineering designs.  This does not mean that the older equipment is past its prime; on the contrary, it should have plenty of life left to admirably perform many more years on your factory floor. 

   

We encourage you to let an auction company expertly assist you in the process.  At Rabin our auctions allow smaller or entrepreneurial companies just starting out to have the opportunity to purchase high-quality, working equipment for a fraction of the original purchase price.  We provide a superior buying and selling experience with the most accurate product descriptions, high-quality photos and unmatched customer service.  Ask our buyers—Rabin auctions are organized, professional and fun!

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  

RABIN 24/7 - Our All Online Auctions

As a multi-generational, family owned asset recovery, valuation, and sales company, we provide financial solutions for a wide range of clients.  One of the many services we offer is Rabin 24/7 Online Auctions that utilize the most up-to-the-date technology to bring customers a safe and efficient online auction site. 

Rabin 24/7™ is our proprietary, timed auction system in where all bidding is conducted online.  The extremely powerful system has the capability to automate the bidding process in real time.  However as one of the leading companies in the industry, we do not rely entirely on our state-of-the-art technology, irrespective of the efficiency of our system.  To ensure the trustworthiness of our auction site and to protect sellers and buyers, we employ a team of highly experienced professionals that oversee the process and keep it running smoothly.  We understand no technology in the world can take the place of excellent customer service and that hands-on attention is vital to maximizing client returns and providing the optimal bidding experience. 

During each and every auction, our expert staff monitors the system to make sure everything is on track.  We especially pay attention once lots are starting to close.  You will not have to worry if you make an accidental bid or miss-type an entry as we are ready to correct all errors.  At Rabin we react to each and every problem quickly and effectively.

Please see our website or contact one of our sales representatives if you are interested in participating in one of our auctions or wish to sell items.  Our unique combination of diversified experience and unparalleled professional expertise sets Rabin apart.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.