Adak Seafood Processing Equipment to Be Sold at Auction

FARMINGTON HILLS, Mich. - Tuesday, May 21st 2013 [ME NewsWire]

(BUSINESS WIRE)-- Hilco Industrial, a world leader in industrial machinery and equipment auctions, will conduct the sale of over 500 lots of seafood processing equipment formerly owned by a very large seafood company. The equipment is located in a recently updated 250,000 sq. ft. state-of-the-art processing facility in Adak, Alaska.

The equipment offered features nine fish sorting lines with conveyors, sorters and 35,000-gallon holding tanks. Nineteen pollock lines also include several heading machines. Multiple crab lines are also available, which include giller stations, cookers, coolers, dip glaze tanks, chillers and an ice flake machine. A cod liver oil processing line, other heading machines, freezers, mixers and generators will also be available.

The auction will take place at the Hilton Garden Inn in Anchorage, Alaska on Tuesday, June 18, 2013, beginning at 10:00 AM HADT. Interested parties can bid in person or register and participate in the auction in real time using HilCast™, a live online and phone bidding system. For those who do not wish to travel to the sale or use the WebCast bidding technology, Hilco will also provide bidders the ability to place bids on each of the lots using a pre-bid submission option. Hilco will also provide bulk bidders the ability to purchase all assets in bulk subject to piecemeal bids.

Visit http://www.hilcoind.com/AdakSeafood for more information or contact Robert Levy at +1248-254-9999 or email at rlevy@hilcoind.com.

Adak Seafood opened originally as Adak Fisheries in Anchorage in 1986. The 2005 updated facility, which most recently operated under a major seafood producer, is located on the island of Adak, the southernmost city in Alaska near the western end of the Aleutian Islands. They processed primarily cod, as well as halibut, sablefish, crab and pollock.

The location of this plant makes it very accessible to the many fishermen who operate in this abundant environment. The area is one of the largest contributors to the world’s supply of Bering Sea crab and Pollock. It has been made famous by the Discovery Channel reality show Deadliest Catch which depicts the events aboard fishing vessels in the Bering Sea during crab fishing season. Timely delivery of their catches to processing facilities such as this one is essential to the success of local fishermen.

About Hilco Industrial: Hilco Industrial [www.hilcoind.com] is a global leader providing industrial asset disposition services, specializing in selling industrial equipment and inventory through auctions and negotiated sales. Hilco maintains offices in key cities Worldwide. It is a unit of Hilco Trading, LLC, [www.hilcotrading.com], an international leader in asset valuation, acquisition, disposition and advisory services, located in Northbrook, Illinois.

Contacts

Hilco Industrial

Robert Levy, 248.254.9999

rlevy@hilcoind.com