SIGMA Auction, a leading provider of industrial asset auction and recovery services, has announced the successful completion of a large-scale equipment auction for a Fortune 500 food manufacturer, delivering a total project recovery of $2.47 million.
Branded as the Premier Soup & Broth Processing-Packaging Auction, the event occurred at the client’s 300,000-square-foot Oregon facility and marked the first phase of a broader multi-stage liquidation strategy. The project included both pre-sale and live auction components, maximizing recovery through a tailored approach and extended marketing timeline.
To optimize returns, SIGMA Auction recommended moving the auction date from November 2024 to March 2025, creating a longer pre-sale window. This strategy significantly increased early buyer interest and total recovery value.
“Our team executed a time-sensitive and very complex project with absolute precision,” said Randa Doleh, COO of SIGMA Group. “The results reflect our commitment to delivering real value for our clients — even under tight timelines and logistical challenges.”
The success of this project strengthens SIGMA Auction’s longstanding relationship with the Fortune 500 client and positions the company for future phases of its equipment disposition.
Key Highlights:
Total Recovery: $2.47 million
Pre-Sale: $1.08M
Auction Hammer Value: $1.39M
Sell-Through Rate: 95% of ~300 lots
Top Equipment Sold:
ADCO Cartoner – $189,500
Retort Systems – $600,000 (combined)
Flottweg Centrifuge – $102,500
Facility Cost Savings: $500,000 on equipment removal
