Hilco Industrial Limited and CBI B.V. announced a joint venture agreement under which the two companies will collaborate on industrial asset disposition projects throughout Europe. Terms of the joint venture were not disclosed.
Daniel Gray, Managing Director of Hilco Industrial operations in the United Kingdom and Europe, made the announcement in London on behalf of the joint venture. Gray said, “CBI and Hilco, in combination, afford European companies and their advisors access to unparalleled industrial asset knowledge and unequalled asset disposition capabilities on a global scale.” He added, “CBI is resource-rich in Europe. The partnership with Hilco ensures that every European-based client will receive highly customised project management services from senior level professionals.”
Robert Bouland, Chief Executive Officer for Amsterdam-headquartered CBI, said, “We have in recent years worked with Hilco Industrial on several successful asset sales, including transactions for Xenterio and Ford Bordeaux. We have proven to the marketplace and ourselves that together we can deliver outstanding customer service and financial results beyond expectation. A more broadly-based partnership makes perfect sense. We are enthusiastic about working more closely with the Hilco Industrial team in Europe.”
Hilco Industrial is a unit of Hilco Trading, LLC, an independent financial services company with international headquarters in the United States. Commenting on several recent joint venture agreements made by Hilco recently, Jeffery B. Hecktman, Chairman and CEO of Hilco Trading, LLC said, “Hilco now does business in over 60 countries around the world. We will continue to expand our global presence through our own organic growth and through partnerships with best-in-class firms such as CBI.”
In February, 2013, Hilco announced the opening of an office in Hong Kong to further serve the Asia Pacific - Greater China region, which follows the expansion of added offices in Singapore and Thailand.Hilco Industrial Limited is headquartered in London, United Kingdom and provides industrial asset disposition services, specialising in machinery, equipment and inventory auctions and negotiated sales.