Complete Wood Mills Being Offered Intact with
Real Estate;
Plant Machinery in Pennsylvania
and Iowa to be Auctioned
Injection Molding, CNC, Stamping, Fabrication
and Plant Support Among Assets to Be Sold
LOS
ANGELES, Nov. 13, 2023 /PRNewswire/ -- The
industrial auction subsidiary of B. Riley Financial, Inc. ("B.
Riley") (Nasdaq: RILY), together with Capital Recovery Group,
LLC, today announced it will be offering complete wood mills for
sale and conducting a series of public auctions in support of the
previously announced expansion of the global sourcing strategy of
The AMES Companies ("AMES"), a wholly-owned subsidiary of Griffon
Corporation (NYSE: GFF).
AMES is a manufacturer and
global provider of high-quality branded consumer and professional
products for home storage and organization, landscaping, and
enhancing outdoor lifestyles. Wood mill operations at AMES locations in New York, Ohio and Pennsylvania are being offered intact with
real estate.
Equipment from AMES
wheelbarrow, shovel, and related manufacturing operations in
Camp Hill and Harrisburg, Pennsylvania and Fairfield, Iowa will be offered through a
series of global auctions.
Assets include complete sawmill operations, dowel turning and
shaping equipment, injection molding machines, metal stamping
presses and lines, late model CNC machinery, trailers, and
forklifts in addition to a wide variety of general plant support
assets and certain raw materials.
"This is a unique opportunity for manufacturers of all sizes to
acquire both top tier equipment as well as operational sawmill
facilities ready for production," said Paul
Brown, Senior Vice President at B. Riley.
The auctions are slated to commence on December 12 and will extend into mid-2024.
Additional information including the auction catalog and specific
event dates will be announced and posted to the websites below.
B. Riley Wholesale & Industrial Solutions, LLC
B.
Riley Wholesale & Industrial Solutions provides equipment
management and capital recovery solutions to leaders in various
industries. Solutions include auctions, private treaty,
liquidation, valuations and a host of asset planning and recovery
strategies to maximize return. For more information, visit
https://brileyfin.com/capabilities/wholesale-and-industrial-solutions.
About B. Riley Financial
B. Riley Financial is a
diversified financial services platform that delivers tailored
solutions to meet the strategic, operational, and capital needs of
its clients and partners. B. Riley leverages cross-platform
expertise to provide clients with full service, collaborative
solutions at every stage of the business life cycle. Through its
affiliated subsidiaries, B. Riley provides end-to-end financial
services across investment banking, institutional brokerage,
private wealth and investment management, financial consulting,
corporate restructuring, operations management, risk and
compliance, due diligence, forensic accounting, litigation support,
appraisal and valuation, auction, and liquidation services. B.
Riley opportunistically invests to benefit its shareholders, and
certain affiliates originate and underwrite senior secured loans
for asset-rich companies. B. Riley refers to B. Riley Financial,
Inc. and/or one or more of its subsidiaries or affiliates. For more
information, please visit www.brileyfin.com.
About Capital Recovery Group, LLC (CRG)
The CRG
Auction division brings generations of experience, refined sales
methodologies, and multiple selling platforms to sell surplus or
underperforming assets and deliver a maximum return to its clients.
For more information, visit: https://crgllc.com/
Auction Inquiries
Paul
Brown
B. Riley Wholesale & Industrial Solutions, LLC
pbrown@brileyfin.com
(203) 313-8935
Media Contact
Jo Anne
McCusker
B. Riley Financial, Inc.
press@brileyfin.com
(646) 885-5425
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SOURCE B. Riley Financial