Hilco, Prestige to Conduct Sale of Heavy Precision Machining Operation



Hilco Industrial and Hilco Real Estate Acquisitions (both operating companies within Hilco Global) joined with Prestige Equipment to offer for immediate turnkey sale the former power generator housing, wind turbine tower and pressure vessel manufacturing facility and real estate holdings of Mitsubishi Hitachi Power Systems Canada, located in Saskatchewan, Canada.

The Canadian-based manufacturing facility opened in 1988 (MHPSC) and features 21.67 acres of heavy industrial real estate with more than 200,000 square feet of total production space spread across a multi-building campus. MHPSC provided design, manufacturing, inspection, installation, trial operation, sales and preventive maintenance for steam and gas turbine equipment and turbomachinery equipment.

Steve Wolf, CEO of Hilco Industrial, said, “This is an impressive offering of large capacity metal fabrication and welding equipment previously used in the production of full pressure vessels and wind towers, as well as a wide variety of material handling, quality assurance, and general plant and production support equipment available for sale.”

Terry Lashin, president of Prestige Equipment, said, “The machinery and equipment being offered includes late model and large capacity CNC horizontal [and] vertical boring mills, CNC lathes, CNC milling/turning centers and CNC machining centers – these are high quality machines which feature the latest technological innovations in the machine tool industry. This is an exciting opportunity for anyone looking to expand and purchase a world-class machining [and] fabricating facility, strategically located in North America.”


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