Loeb News
Feature Stories
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Food Plants Using Auctions More Often to Buy and Sell Assets |
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Loeb Equipment & Appraisal Makes Life's Work a 2nd Life for Machinery Owners of Loeb Equipment & Appraisal Company Collect Signs of Past Businesses |
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Chocolate Morsel of Hope Lives On in Fulton |
Published Articles
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Fall 2011, The Commercial Factor (IFA) | |
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October 2010, The Secured Lender (CFA) | |
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Partnered for Success: Loeb Works with Auctioneers to Add Value by Howard Newman Fall 2009, The Podium (IAA) | |
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10 Questions to Ask When Purchasing Used Equipment by Howard Newman May 2005, Contract Packaging Magazine | |
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Purchasing, Redeploying and Selling Capital Machinery by Howard Newman March 2004, Global Cosmetics Manufacturing | |
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The First Fifty Years: A Personal History by Robert Newman Spring 1992, AMEA Appraiser Newsletter | |
Loeb News
In honor of its employee's volunteer efforts, Loeb has made charitable donations to two Chicago-based children's organizations this holiday season; The Children's Heart Foundation and Big Brothers Big Sisters of Metropolitan Chicago.
As a 5th generation family owned company, Loeb has a long-established history of helping children. This year the company has donated to two organizations particularly near and dear to the hearts of their employees who also donate their time.
"We're extremely grateful to our customers and partners," states Howard Newman, Loeb's President. "Their continued business in 2011 has made these donations possible and as a result we're making a difference in many children's lives. It's with added pleasure that I get to hear from my employees the impact our donations have on the children they encounter."
Loeb's Donation of Warehouse Space Will Help Expand Local Charity's Book-giving Efforts
Bookwallah Organization is proud to recognize Loeb for the donation of warehouse space for Bookwallah's book collection, sorting, and distribution activities.
"By helping this young organization at this critical stage, we know our gift is making a tremendous difference to children around the world and will lead the path to Bookwallah's success," said Loeb president, Howard Newman. "We're honored to be able to donate our resources."
Bookwallah is a 501(c)(3) non-profit organization whose vision is to transform the lives of children who have undergone hardship by "sharing the gift of imagination". The mission is to collect and distribute children's storybooks, set up libraries, and spread the joy of reading to children of children's homes and orphanages around the world.
Loeb Winternitz Completes Multi-Million Dollar Machinery & Equipment Auction
Loeb Winternitz conducted a multi-million dollar machinery and equipment auction of Protein Solutions LLC. This was the first of three auctions which included the company's core assets encumbered by 8 leasing firms and lenders. Protein Solutions was a fast growing meat processor providing portion controlled products for many high end restaurants & food service companies, and received much notoriety due to its debt structure.
Loeb Winternitz also completed the sales of: Nebraska Meats, the largest manufacturer of case-ready smoked turkey and pork products; HPC Automation, metalworking M&E for production of solar panels; Mid Way Supply, HVAC parts supplier and distributor; AFA Foods, food processing M&E; and Vitarich Laboratories, cGMP and FDA compliant liquid & powder contract packager.
To celebrate Loeb's 130th anniversary of family tradition of assisting customers with reusing industrial machinery, the company is taking their green values to the next level and offsetting the carbon footprint for each piece of equipment sold, for each appraisal engagement, finance deal funded, liquidation and auction held. Their goal by the end of the year is to reach a carbon offset of 130 acres of Rainforest conservation that they will sponsor through the World Land Trust – US.
The Newman family has been in the business of reusing, reconditioning, and recycling used packaging and processing machinery since 1880 when Harry Newman first established Newman Tallow & Soap Machinery. Now in its fifth generation of family ownership, Harry's great-great grandson Howard, is committed toward making a difference for future generations through the company's green efforts...
Robert D. Newman, Patriarch of Newman Family and Retired President of Loeb, Passes Away at 87
Robert D. (Bob) Newman former owner and retired president of Loeb passed away Sunday, January 18, 2009 at his home in Florida. Bob was the father of Loeb ambassador James L. Newman and grandfather of current Loeb president, Howard M. Newman.
Bob was the third of five continuous Newman generations in the used manufacturing equipment industry when he joined Newman Tallow & Soap Machinery in 1946. In 1953, he acquired Loeb Equipment and Supply Company which he ran with his father Irwin, later forming an appraisal division called Newman Industrial Machinery Service...
An Era Comes to an End: Jay's Potato Chip Auction to be Held in Chicago
On January 24th, 2008 eighty years of potato chip manufacturing on Chicago's south side will come to a close with the public auction sale of equipment from Jays Foods manufacturing headquarters on East 99th Street. This announcement follows the bankruptcy court's acceptance of a $24.8 million bulk sale of the majority of the firms assets to another party.
The Jays brand has always been considered a quality snack product throughout Illinois, Indiana, Wisconsin, Missouri, Minnesota and Iowa. Unfortunately, even with a 60% market share in the ready-to-eat popcorn category in these states, Jays flagship manufacturing plant could not offset the rising costs of cooking oils, raw materials, energy, and labor costs - all while competing with snack food giant Frito Lay (which has nearly 70% market share nationwide)...
View the Complete Story Online at PotatoPro.com ›
In order to save a chocolate factory, and the local economy of a small New York town, Jim Newman, president of Loeb Equipment & Appraisal Company, a Chicago-based leader in the buying, selling and appraising of packaging and processing equipment, orchestrated two critical deals on behalf of Nestle. The resulting transactions saved more than 500 jobs in Fulton, New York, and garnered praise from New York Senators Hillary Clinton and Chuck Schumer, as well as Governor George Pataki.
In May of 2003, Nestle had announced it would close its Fulton-based factory. By closing the site of one of Nestle's oldest locations, originally opened in 1898, 580 jobs stood to be lost. The close-knit community of Fulton, New York, feared that the hundreds of potential layoffs would be devastating to the local economy...
For Loeb, Helping Children is its Own Reward
Companies that share their wealth know the rewards philanthropy brings: industry-wide goodwill. According to Newman, spreading the word about Loeb's philanthropy creates an industry-wide image that sets the company apart.
"Our industry is a predominantly male field -- buying, selling, packaging and processing equipment for various segments of the food, chemical, pharmaceutical and cosmetic industries," she explains. "So we're always glad to find a way for people -- within the organization, and those whom we do business with -- to feel they're a part of what we do as a company to make a better world...
Media Inquiries
For all trade publication and media inquiries, please contact:
Sara Bogin
Marketing Director
(773) 496-5707
sarab@loebequipment.com
