Success Story
Client Recovers $525K on Surplus Cheese Equipment
SIGMA Auction partners with companies and their advisors to deliver speed, certainty, and value recovery, as proven in our recent on-site auction, where a client turned inherited cheese processing and packaging equipment from Golfo di Napoli Dairy into over $525,000 in returns within a tight two-month timeline.
Type of Auction
On-Site
Location
Indiana
The Challenge
When the client acquired a cheese facility to expand fruit processing operations, they also inherited a full line of nearly new cheese processing and packaging equipment. These assets didn’t fit their production plans, but they carried significant residual value. The client needed a way to monetize the equipment quickly without disrupting their timeline or incurring unnecessary costs.
Key challenges included:
Tight Timeline
The facility had to be cleared within just two months to make way for new operations.
Preserving Value
Because the equipment was like-new, maximizing recovery meant keeping it visible and installed — not moved into storage, where value would diminish.
Cost Containment
The client wanted to avoid removal, freight, and storage expenses, ensuring that every possible dollar went back to the bottom line.
The Solution
SIGMA Auction applied its proven on-site auction process to meet both the financial and logistical objectives of the client — maximizing recovery value while clearing the facility within a two-month deadline.
On-Site Cataloging & Marketing
Kept assets in place at the facility, allowing buyers to see equipment in its natural environment — boosting confidence, driving higher bids, and avoiding the devaluation that comes from off-site storage.
Time-Sensitive Auction Execution
Delivered a complete end-to-end auction — from cataloging through buyer removal — within the tight two-month window, ensuring the facility was cleared on schedule for the client’s next phase.
Buyer-Paid Removal
Shifted rigging, freight, and logistics costs to buyers, saving the client over $100,000 in expenses while ensuring seamless equipment removal.
Strategic Asset Retention
Transitioned the few unsold assets into SIGMA’s consignment program, creating continued resale opportunities and maximizing total recovery value.
The Impact
SIGMA Auction delivered results that balanced both speed and value recovery:
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- $525,000 Recovered from the sale of surplus assets
- 95% Sell-Through Rate, with only a handful of items moved into consignment for future resale
- $100,000+ in Cost Savings by shifting rigging and logistics to buyers
Beyond the numbers, the client achieved what mattered most: the facility was cleared on time, surplus assets were monetized efficiently, and costs were eliminated — all without disrupting their plans to launch new operations.
The numbers
$525K
Recovered from Assets
100+
Total Lots Sold
95%
Percentage of Lots Sold
$100K
Rigging & Removal Savings
Ready to See What SIGMA Auction Can Do for You?
Whether you’re closing a facility, navigating a restructuring, or repositioning assets, SIGMA Auction’s on-site process delivers speed, certainty, and maximum recovery value.
Partner with us to clear facilities on schedule, preserve asset value, and eliminate unnecessary costs with peace of mind at every step.
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