Today, Donna had the pleasure of talking with Eric Weiler, President of New Mill Capital. Eric was able to shed light on the industrial auction process and how food and beverage companies can take advantage of the benefits.
Here are the topics we discussed:
1) Why should companies consider used equipment vs new?
2) What does the current supply chain look like and how has that affected the used marketplace?
3) What should people expect when buying at auction?
4) When should companies sell their used equipment?
5) Why did you decide to specialize in the food and beverage industry?
Right now, is the perfect time to utilize the auction setting to buy equipment, get into your facility quickly and at a discount. Also, if you have surplus assets, you should sell them now so you can get top dollar and create an additional revenue stream for your company. All food and beverage manufacturers should be looking into auctions.