Bids Due July 28, 2020

OTTAWA, Ill., July 7, 2020 /PRNewswire/ --Located just 70 miles from Chicago, Illinois, investment group headed by Federal Equipment Company and Holland Industrial Group is accepting offers for the Cristal Metals (Tronox) production facility in Ottawa, Illinois. The facility is fully configured to produce and process titanium powder and can be converted to many other products. Turnkey for its existing function as a calcining and drying operation, the plant can be used across multiple chemical processes. A $200 million investment was made to build this facility in 2010 and it was operated from 2010-2019.

Bids for the facility are due July 28, 2020.

The facility includes calciners, rotary tray dryers, liquid slurry, filtering, and more. It also features CSX rail spurs branching into (2) buildings.

The sale of this turnkey operation is a unique opportunity:

For more information, to view sale brochure, and bidder packet, please visit: https://fedequipblog.fedequip.com/for-sale-chemical-plant-ottawa-il/.

Contact:Interested parties should contact David Winger for further information: +1 216.536.0309| david@fedequip.com.

Auction Scenario:Should an acceptable sealed bid offer not be received by the July 28, 2020 deadline, an auction of the company's M&E assets will commence, with all assets sold on a piecemeal, "as is, where is" basis. The auction will be conducted online at the end of August or early September 2020. A second inspection of the assets will be made available to interested buyers.

About Holland Industrial Group:

With over 30 years of experience in plant liquidations and equipment auctions, Holland Industrial Group serves large and small corporations in asset recovery for their idle and surplus assets. Our Real Estate arm allows us to help companies understand their short-term and long-term value of their property. We have the capabilities to buy all-cash to complete a smooth transaction in connection with the disposition of all plant assets including the real estate. For more information, please visit HollandIndustrialGroup.com.

About Federal Equipment Company:Federal Equipment Company offers 60 years of expertise buying and selling processing and packaging equipment. We optimize the value you recoup for surplus equipment and ensure you get the equipment you need quickly from our broad, on-hand inventory of reliable used machines. For more information, please visit: fedequip.com.

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SOURCE Federal Equipment Company

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Turnkey State-of-the-art Calcining/Chemical facility and equipment available for sale - Yahoo Finance