Barber Glass Industries auction date set

GUELPH — Sophisticated glass manufacturing equipment sits idle in Barber Glass Industries’ massive 485 Southgate Dr. plant.

It will all be auctioned off to glass industry players and other interested buyers on March 16. Asset Engineering is overseeing the liquidation.

The longstanding Guelph-based company — with local roots extending back to the 19th century — was forced into receivership by its debtors late last year. Operations in both Guelph and Collingwood were affected, throwing about 100 people out of work.

Barber Glass The assets of Barber Glass Industries will go up on auction March 16. The sophisticated glass manufacturing business was forced into receivership by its debtors late last year.

Rob O'Flanagan/Guelph Mercury

Company owners John Barber and wife Susan Barber bought back the assets of Barber Glass Retail from the receiver and were able to save the historic Suffolk Street business, which began over 125 years ago. But the couple’s repeated efforts to reacquire the assets of Barber Glass Industries failed as the deadline for liquidation came and went.

“A public auction has been announced,” said Glen Shoniker, an official with Asset Engineering. “There are people within the industry that have been notified. They will come on the day prior to the sale to inspect everything they would like to bid on.”

Large-scale glass cutting, cleaning, printing, shaping and handling equipment will be auctioned off, along with tools, equipment and office supplies. There is also a large quantity of glass inside the facility.

“The industry is a quite specific one, so there will be people who will be looking at both very specific production-type equipment, and they also have a very wide range of everyday-type factory support equipment as well,” said Shoniker, speaking of the factory’s contents.

Shoniker said the auction has generated interest throughout North and South America, and Europe. On Monday, about four men were working in the factory, getting the equipment ready of the sale.

John Barber made three attempts to regain control of Barber Glass Industries during the receivership proceedings, and his wife made another. All were deemed unacceptable to the receiver because they were conditional on financing and failed to provide a cash deposit, court documents indicated.

The company owned well over $15 million to creditors. Documents showed the Bank of Montreal had advanced $7.1 million to the company, while Roynat, another lender, had advanced $8.5 million. GE Canada Equipment Financing was also owed $450,000. Another 10 creditors were listed, including Susan Barber and Barber Group Investments Inc., Bystronic Glass and Lisec America.

The company owned $825,000 in unpaid property taxes and close to $1 million to Canada Revenue Agency.

600450 Barber Glass Industries auction date set

See more news about:

Others also read

Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.
Today designers and architects are looking to the hotel bathroom as the new frontier of the guestroom, turning what has long been a mostly functional space into a haven and means of escape.
Glassman as one of the largest glass processing machine manufactures in the world presented ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.

Add new comment