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Date: 11/09/2018     Park Village Auctioneers     Auction News

PVA Inviting Offers On Stainless Steel Fabrication Plant and Assets

PVA Inviting Offers On Stainless Steel Fabrication Plant and Assets
PVA is inviting offers to purchase a stainless steel manufacturing plant as a going concern.

Park Village Auctions is inviting offers to purchase a stainless steel and exotic metals engineering concern complete with workshop, equipment and machinery.

That’s the word from PVA’s Werner Burger who explains that the sale represents an excellent opportunity to get a foot in the door of a niche going concern which manufactures stainless steel products.

The sale falls under the auspices of PVA’s business rescue division which specialises in selling businesses which are experiencing difficulties. Most businesses which PVA sells under this banner are simply in need of a capital injection or restructuring to continue operating and therefore represent a great opportunity for investors says Burger. 

The available assets stem from Emerson Stainless Steel CC which is currently in business rescue. 

Engineering equipment includes a Poly Gim CNC Machine; Tongtai HS-22, TMV-920A and TMV-1600A CNC machines; Ecoca El-4615E and El-5115E CNC machines; a King Rich CNC machine; a Topper Tvl25-S2 CNC machine; a milling machine; various lathes, Sampa and Corona press drills.

Additional assets to be sold comprise assorted containers, office furniture and office equipment.

Offers to purchase under the following headings will be considered:
1. Invitation to submit offers for the purchase of Emerson Stainless Steel CC as a going concern together with the machinery, equipment, containers & furniture.
2. Invitation to submit offers for the purchase of the assets of Emerson Stainless Steel CC as one lot or individually.

It must be noted that the business rescue practitioner reserves the right not to accept the highest or any other offer.

All offers are to be submitted to Park Village Auctions at unit 10 Ferndale Mews North, 355 Oak Avenue, Ferndale, Randburg by no later than 12h00 Friday the 21st of September.

The assets can be viewed by appointment only at 13 Delfos Avenue, Alrode South, Alberton, by contacting Werner Burger on 082 418 1664 or by email on auctions@parkvillage.co.za.

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