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AllSurplus completes first sale in China for world-leading energy company

Liquidity Services, Inc.Liquidity Services, Inc.

Liquidity Services, Inc.

More than 60 unused Sumimoto plants are available in Shanghai, China

BETHESDA, Md., Aug. 26, 2024 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT), a leading global trading company advancing the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auctions, liquidations and asset management company, to sell unused assets and equipment on behalf of a global industrial, process and specialty gases leader. The sale, which represents the first in a series of sales for the global energy leader in China, includes more than 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers designed for various services and is currently available until 4:00 a.m. EDT on August 31, 2024 on AllSurplus.com, the leading online marketplace for surplus business assets.

“It is an honor to host our first sale with this global energy organization,” said Hugh Yu, Managing Director of Liquidity Services, APAC. “We have had many detailed discussions prior to launching the sale and plan to leverage our local and global resources to make this inaugural event a success. This is the first of many more sales to come from this partnership.”

The online sale includes a mix of high-quality, unused Sumimoto equipment including argon condensers, nitrogen superheaters, refined AR column condensers and more. All available equipment is built to American Society of Mechanical Engineers (ASME) code and registered with the National Board.

“We are proud to have gained the trust of the plant owners and to have been entrusted with the disposal of these surplus assets,” added Peder Grimstrup, Managing Director of Aaron Industrial Solutions. “We have a responsibility towards society and the environment, and the completion of this project will be carried out under the premise of sustainability.”

To place a bid, buyers must create an account by completing the free registration form at AllSurplus.com.

About AllSurplus
AllSurplus is the world’s leading online marketplace for surplus business assets, from heavy equipment to transportation and industrial machinery. AllSurplus is the smartest and fastest way to sell inventory and equipment because it allows sellers to post and manage their listings directly and within days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ:LQDT), which has supported millions of customers around the world. AllSurplus buyers have direct access to all surplus assets across Liquidity Services’ entire marketplace network in one central location.

About Aaron Industrial Solutions
Aaron Industrial Solutions (AIS) offers industrial equipment auctions, liquidation sales and asset management services to companies that need to liquidate or transfer their surplus assets. With more than 80 years of experience buying and selling industrial assets across all industries, AIS works with its distribution partners to offer on-site and online auction events, liquidations, private sales and other creative ways to maximize and monetize surplus assets.

Contact:
Liquidity Services, Inc.
Public relations
[email protected]

By Jasper

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