Bankrupt ECS Refining Sold Major Assets via Online Auction

SEATTLE (Scrap Monster): Over 95% of the assets of bankrupt ECS Refining’s South Sinclair Avenue, Stockton, California facility were sold during the online auction process held June 9^th.

The auction conducted by sales and auction company Tiger Group in partnership with Aaron Equipment, Rosen Systems and Perry Videx recorded participation of 202 interested parties from the U.S. and nine other countries- Canada, the Dominican Republic, Guatemala, Ireland, Jordan, Mexico, Romania, Trinidad and Tobago, and the UAE. The assets were purchased by 67 buyers.

John Coelho, Senior Director at Tiger Group stated that the number of registrants, sell-through percentage and revenues exceeded expectations. The company is extremely satisfied with the level of participation from end-users and dealers. The remaining assets will be disposed through private sales, he added.

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The facility’s most valuabe e-waste line was purchased by a bulk buyer, who plans to reassemble the line in their East Coast facility. The assets put up for sale also included CRT monitor and projection TV separation and recycling line, wood pallet shredding/chipping line and other equipment.

ECS Refining had closed Stockton and two other facilities, after filing for Chapter 11 bankruptcy protection in 2018.