ROBERT LEVY JOINS HILCO INDUSTRIAL AS PRESIDENT
Northbrook, IL -- May 6, 2004 -- Robert Levy is perhaps best known for his achievements as CEO of Norman Levy Associates, a worldwide auction and valuation service firm. During its five decades of growth and industry leadership, Norman Levy Associates became the largest and most respected firm of its kind, auctioning and valuing billions of dollars-worth of industrial machinery, equipment, inventory and capital assets. The company had 10 offices throughout United States, Canada, Mexico, the United Kingdom and Korea.
As CEO, Robert Levy pioneered asset management technologies designed to increase efficiencies, maximize returns and increase return on investment for many middle market and major, multi-national corporations. Clients included Boeing, McDonnell Douglas, Chrysler, Lockheed Martin, Northrop Grumman, General Dynamics, Goodyear, AT & amp;T, Chrysler, the United States Government and BankOne.
Under the Norman Levy umbrella, Mr. Levy also founded and managed Levy/Latham Global, a company specializing in the disposition of military surplus property. Levy/Latham was the recipient of the largest privatization contract to handle remarketing of military surplus ever awarded by United States government.
In March, 2000, Norman Levy Associates was acquired by DoveBid, Inc. Mr. Levy was named president of DoveBid International and a member of the DoveBid, Inc. board of directors, positions he held until March of 2004.
Commenting on his new role with Hilco Industrial, Robert Levy said, “I look forward to bringing my knowledge and experience in building and operating large, successful auction and asset disposition firms to Hilco. My task will be to provide clarity of choice within the industrial asset management marketplace. Hilco Industrial will represent a stable, technologically-sophisticated, well-run international company of experienced professionals dedicated to optimizing asset value and extraordinary customer service.”
Said Jeffrey B. Hecktman, “We are fortunate to have Robert Levy as the newest member of the Hilco family. His expertise and reputation will be tremendous assets to Hilco Industrial, as will his leadership ability. I am certain Robert will make an important contribution to our company’s continued growth and success.”
Headquartered in Northbrook (Chicago), Illinois, the Hilco Organization provides asset appraisal, acquisition, disposal and financing services to an international marketplace through nine specialized business units. Hilco serves retailers, wholesalers, distributors and manufacturers, direct and through their financial institutions, private equity investors and consulting professionals. Services include: retail store, warehouse and factory closings; inventory liquidations, through negotiated sales and auctions; asset appraisals covering retail and industrial inventory, machinery, equipment, accounts receivable, real estate, intangibles and enterprise valuations; disposition of commercial and industrial real estate, principal acquisitions, and lease mitigation and restructuring; purchase and liquidation of distressed accounts receivable portfolios; acquisition and re-marketing of excess wholesale consumer goods inventories; and junior secured debt and equity financing. For more information, please visit www.hilcotrading.com.
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