Success Story
Fortune 500 Food Manufacturer
SIGMA Auction proudly partners with clients to ensure every auction is a success — as was the case with our recent on-site auction for a Fortune 500 company on the West Coast.
Type of Auction
On-Site
Location
Oregon
The Challenge
Logistics
The client, a global food manufacturer, needed to vacate a leased facility and return it to pre-lease condition by the end of 2025. Their primary objective was to recover as much value as possible from high-end processing and packaging equipment, all while meeting a strict timeline.
Value Maximization
Initially scheduled for November 2024, the auction date was moved to March 2025 at SIGMA’s recommendation. This shift allowed for a longer pre-sale marketing period — a key move that ultimately enhanced overall returns and helped ensure a successful outcome.
The Solution
A Proven Process, Tailored to the Project
SIGMA Auction drew on its strong relationship with the client and its deep industry experience to create a customized, results-driven approach:
Strategic Pre-Sale Marketing
Equipment marketing began in December 2024, generating early interest and buyer momentum well before the auction.
On-Site Asset Cataloging
SIGMA’s team traveled to the facility in October 2024 to meticulously catalog over 300 lots of high-value machinery.
Early Sale of Key Assets
High-value items such as retort systems and automated cartoners were sold prior to the auction, locking in over $1 million in early revenue.
Targeted Buyer Outreach
An aggressive, data-driven marketing campaign attracted qualified buyers from across the country, resulting in strong participation and competitive bidding.
Seamless Equipment Removal
SIGMA acted as a liaison between the client and rigging partners, ensuring smooth removal of equipment and minimal disruption.
The Impact
SIGMA Auction successfully completed a high-value onsite processing & packaging auction for a Fortune 500 food manufacturer, generating $2.47M in total recovery. The event included 300+ lots of processing and packaging equipment and achieved a 95% sell-through rate with $500K in cost savings.
SIGMA Auction’s ability to adapt to the client’s evolving timeline, design a smart pre-sale strategy, and execute with precision resulted in significant value recovery. By avoiding a traditional auction-only approach, SIGMA helped the client prevent an estimated 50% loss in potential revenue.
This project not only delivered measurable financial returns but also strengthened SIGMA Auction’s position as a trusted asset recovery partner for future phases of this client’s liquidation initiative.
The numbers
Total Pre-Sale Dollars
Total Lots Sold
%
Percentage of Lots Sold
Total Value
Ready to See What SIGMA Auction Can Do for You?
Whether you’re managing a facility closure, downsizing, or repositioning assets, SIGMA Auction brings unmatched expertise, strategy, and execution to every project. Let’s talk about your next auction.
To Download Our Success Story PDF, Click Here:
Gallery
