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B. Riley and Capital Recovery Group to Conduct a Series of Sales on behalf of The AMES Companies

November 27, 2023, 07:19 AM
Filed Under: Auction News

The industrial auction subsidiary of B. Riley Financial, together with Capital Recovery Group, 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.

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.

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