Public auction to be held at W.C. Wood as final step in factory closure
GUELPH, ON,
W.C. Wood manufactured quality fridges and freezers for more than 79 years and at one time was one of the 10 largest employers in Guelph. The company had struggled for years with rising production costs, a rising Canadian dollar and tough competition from off shore manufacturers before filing for bankruptcy protection and announcing its closure.
Asset Engineering, a Markham based auctioneer and disposition specialist, has been managing the liquidation of the inventory and assets at the W.C. Wood plant. The warehouse has been open to the public in past weeks giving them the opportunity to purchase the finished goods at discount prices. The auction will be the final step in the liquidation process. A large crowd of interested buyers, curious onlookers and nostalgic locals is expected.
For further information: Jamie Dunbar at Asset Engineering - [email protected]
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