Loeb Winternitz Industrial Auctioneers announced they have facilitated the bulk sale of the assets located at Harris Silver & Sons, Inc. to Alter Trading Corporation, headquartered in St. Louis, MO. As a result the auction originally scheduled for Tuesday, May 16th was canceled.

“We are happy that we could provide added value in the bulk sale of the Harris Silver assets, stated Charles J. Winternitz, President of Loeb Winternitz Industrial Auctioneers. “With the scrap market improving, and the location of this yard, we felt there was an opportunity for a bulk sale to occur.”

Loeb Winternitz simultaneously worked with the Assignee for the Benefit of Creditors, its Attorney, and the Secured Creditor to negotiate the bulk sale of the assets.

Located in Belvidere, Illinois, Harris Silver & Sons provided scrap processing of non-ferrous metal, paper, and plastic inventory since 1955, servicing the Northern Illinois and Southern Wisconsin regions.