Able Auctions

Able Auctions

November 22, 2006 11:00 ET

Able Auctions to Sell Entire Kamloops Forest Products Veneer Plant in Huge One Day Bankruptcy Sale

Preview: Wednesday, December 6 - 9am to 5pm - 2961 Shuswap Road, Kamloops Auction: Thursday, December 7 - Starts at 11 am

KAMLOOPS, BRITISH COLUMBIA--(CCNMatthews - Nov. 22, 2006) -

Everything from forklifts to dump trucks to a kitchen sink is up for grabs in a gigantic single day auction of Kamloops Forest Products' veneer plant. The contents will go on sale December 7th with no minimum prices. An on-line auction will be held simultaneously in this unusual one-time event.

The mill is auctioning off its assets as part of a bankruptcy and it's expected dozens of big ticket items will be sold for a fraction of their real value.

"This is a completely viable veneer plant," says Milko Ravbar of Able Auctions. "All you have to do is press a button and it's ready for production."

Transformers, scissor lifts, conveyors, overhead cranes, tractors, compressors, contents of an entire truck shop, an 80 foot long Coverall storage shed and administrative offices will all be sold.

"Most of the equipment is in really good shape," says Ravbar, who is seeing interest from all over B.C. and from as far away as Kentucky. "It's not every day you get to see an entire working sawmill and veneer plant up for auction."

The Canadian forest industry is worth an estimated $80.3 billion. In B.C. almost 80,000 people are employed in the sector. Despite the success of the industry, 46 Canadian mills closed during the last fiscal year, many of them blaming the softwood lumber dispute with the U.S. for their falling profit margins.

Although a number of B.C. sawmills have ceased operations in recent years, industry experts say it's rare for a niche market producer like Kamloops Forest Products - a maker of white pine veneer - to go out of business.

To view the entire stock or to register to bid online please visit www.ableauctions.ca.


Contact Information

  • Able Auctions
    Milko Ravbar
    Cell: (604)789-1715
    Website: www.ableauctions.ca
    or
    Peak Communicators
    Peter Louwe
    (604) 689-5559
    or
    Peak Communicators
    Sheila Calder
    (604) 689-5559