Industrial Asset Recovery Group (IARG) has announced a series of online auctions featuring surplus inventory from a former 120-acre paper mill property located outside Portland, Oregon. The online auctions are currently underway and will continue throughout early 2021, said company. IARG is managing the sale of the assets on behalf of the new owner, Newberg OR LLC, an affiliate of Commercial Development Company, Inc. (CDC).
The series of online auctions will feature machinery and equipment used during the paper mill’s past operations, including rolling stock (loaders, trucks, forklifts, etc.), industrial bearings, energy boilers, and more. Located on a 120-acre industrial campus, the retired Newberg paper mill represents one of the largest industrial liquidations in the northwest United States.
“Buyers will find tremendous deals at these online events – this is a massive collection of surplus assets which we have organized into over 5,000 lots, and we are very pleased to bring this opportunity to market.” said Stuart Millner, Managing Director at IARG.
These liquidation events will feature machinery and equipment from the former paper mill’s inventory including: industrial trucks and mobile equipment, industrial bearings, boilers, fire and personal safety equipment, electrical components, machine shop tools, fabrication equipment, pump and motors, office furniture, and more.
