Ritchie Bros., world's largest industrial auctioneer, breaks ground on new permanent St. Louis auction site
Posted on: Tuesday, 25 August 2009, 06:00 CDT
ST. LOUIS, MO, Aug. 25 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers
(NYSE and TSX: RBA), the world's largest industrial auctioneer, broke ground
on a new permanent St. Louis auction site in the Village of Caseyville,
Illinois yesterday (August 24, 2009). Caseyville Mayor George Chance, village
trustees and other local dignitaries joined Ritchie Bros. representatives for
the official groundbreaking at the 68-acre site, which is situated alongside
I-64. Ritchie Bros. expects to conduct four unreserved public equipment
auctions each year at the site, which is scheduled to open in March 2010.
Ritchie Bros. has 39 other auction sites worldwide.
"We're so happy that Ritchie Bros. chose Caseyville for their new
location," said Mayor Chance. "They are a quality company with a good
reputation. They will bring good jobs to Caseyville and fill up our hotels and
restaurants. We're very glad to have them become part of our community."
The new St. Louis auction site is located alongside I-64, within sight of
downtown St. Louis. The undeveloped site offers exceptional highway
visibility, easy access to major transportation routes and nearby travelers'
services.
"We're excited to be establishing a permanent presence in St. Louis," said
Jesse Cantin, Ritchie Bros. Regional Manager. "We've been conducting auctions
here since 1993, giving our local customers a fair and efficient means of
buying and selling heavy equipment and trucks. Soon we'll be able to offer
them the added convenience and certainty of regular auctions at a permanent
auction site. Mayor Chance and the Village of Caseyville have welcomed us with
open arms, and we look forward to welcoming bidders from around the world to
Caseyville."
St. Louis auction site quick facts
- Size: 68 acres total (40 acres will be developed initially)
- Facilities: 13,500+/- square foot auction building featuring
500-seat auction theater
- Location: 2436 Old Country Inn Drive, Caseyville, IL 62332 (exit 9
on I-64)
- Scheduled opening: March 2010
- Site preparation to be completed by LW Construction
Established in 1958, Ritchie Bros. is the world's largest industrial
auctioneer, selling in excess of US$3.57 billion of equipment at 340
unreserved auctions around the world in 2008. Excluding the St. Louis auction
site, the Company has 39 auction sites around the world, including a permanent
auction site in Kansas City, MO. Ritchie Bros. has attracted more than 15,000
on-site and online bidders to its unreserved public auctions in the St. Louis
area since 1993. Ritchie Bros. auctions typically attract broad audiences of
national and international bidders.
Ritchie Bros. will conduct the next auction at its Kansas City auction
site on September 3, followed by a one-day unreserved public auction at its
interim site in St. Louis, MO on October 3. Find out more at
www.rbauction.com.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the
world's largest industrial auctioneer, selling more equipment to on-site and
online bidders than any other company in the world. The Company has over 110
locations in more than 25 countries, including 38 auction sites worldwide.
Ritchie Bros. sells, through unreserved public auctions, a broad range of used
and unused industrial assets, including equipment, trucks and other assets
utilized in the construction, transportation, agricultural, material handling,
mining, forestry, petroleum and marine industries. The Company maintains a web
site at www.rbauction.com and sponsors an equipment wiki at
www.RitchieWiki.com.
PHOTOS FOR MEDIA USE: High-resolution photos of the St. Louis auction
site groundbreaking can be downloaded from www.rbauction.com/media.
CONTACT: Vicki Cunningham, Corporate Communications Specialist, Ritchie
Bros. Auctioneers, Mobile: (604) 329-7663 or email vcunningham@rbauction.com;
Or Jesse Cantin, Regional Manager, Ritchie Bros. Auctioneers, Kansas City
auction site tel: (816) 633-4096
SOURCE Ritchie Bros. Auctioneers
Source: PR Newswire
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