GREENVILLE ? United Solar Ovonic LLC thin, flexible solar panel business will be sold during a live web auction on June 26, its parent company, Energy Conversion Devices, announced Monday.
On the auction block will be machinery, equipment, intellectual property, furniture, real estate and inventory. The live webcast auction sale will start at 9 a.m. June 26 at United Solar?s Greenville plant for the bulk lots, followed by an online auction sale for the piecemeal lots. The thousands of individual lots to be sold online will have staggered closing times starting June 27. ECD and USO voluntarily filed a petition for relief under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Michigan on Feb. 14.
Only qualified and registered bidders may participate in the bidding. Qualification, registration and deposit requirements can be found atHGPauction.com? or by contacting the auctioneers, Robert Levy at (248) 254-9999 or Brandon Smith (973) 265-4090.
Heritage Global Partners, Hilco Industrial, Maynard?s and Van Acker Associates will be conducting the sale.
Hilco Industrial provides industrial machinery, equipment and inventory on-site, online and combination Webcast auctions and negotiated sales. Maintaining offices worldwide, Hilco Industrial is a unit of Hilco Trading, LLC, an international leader in asset valuation and disposition services.
Heritage Global Partners, a Counsel RB Capital company, is a leading asset advisory and auction services firm, assisting large and small companies in asset brokerage, inspection, valuations, industrial equipment, real estate and enterprise auctions.
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