Snows Timber asset sale goes ahead
8 January 2020Assets, machinery, plant and vehicles have all been put up for auction today (Wednesday January 8th) in over 130 lots via Hilco Industrial.
As we reported recently Snows Timber, a company with a 200 year heritage, went into administration on November 18. Initially the administrators, RSM Restructuring Advisory LLP, were aiming to sell the business in its entirety or as two separate entities: The Mansfield sawmill and the wood treatment plant in Andover.
No further news has been made available regarding any ongoing negotiations or the level of interest shown but assets, machinery, plant and vehicles have all been put up for auction today (Wednesday January 8th) in over 130 lots via Hilco Industrial.
At the time of the original administration announcement it was estimated that Snows Timber held stock valued at over £3m. This has been made available by separate negotiation directly with the company.
