The process of liquidating the assets of GLM Industries LP is well underway.
Oct. 28, an unreserved auction was scheduled for 14th Street and 5th Avenue in Battleford, with the sale conducted in conjunction with McDougall Auctioneers.
Theover 1,000 lots up for auction included construction and trial equipment, tools and shop equipment, welding and tank fabrication equipment, inventory and consumables, warehouse and office equipment and other items.
That is not the end of the liquidation. Another auction was scheduled for Nov. 4 at the GLM former corporate headquarters at Nisku, Alta. There, 1,500 lots were up for auction. The items were similar to what was up for bid in the Battleford auction.Â
GLM Industries LP declared bankruptcy in July of this year, in response to the woes afflicting the entire oil and gas industry in 2015.
Their manufacturing plant in Battleford was permanently closed July 10, but a temporary closure had been announced in June.
