Sinelli Concrete assets, equipment to be auctioned

All the assets and equipment of Sinelli Concrete, which also did business as Sinelli Sand and Gravel, Redford, Michigan,will go up for auction next week.

The auction includes: four Phoenix Glider Concrete Trucks (ranging from 2003-2006), nine Advance Mixer Concrete Trucks (ranging from 1990-1998), a 2000 Caterpillar 93G Wheel loader, a Tenant 275 Sweeper, a 2000 Ford F-350 Super Duty 4×4 Service Truck, a Mitsubishi 2,000-pound lift truck, a batch plant and support equipment, an Alkon Spectrus 6000 computer controlled mixing station, assorted compressors, tires, rims, shop equipment and office equipment.

Orbitbid.com is conducting the auction which will be held online from 8 to 6 on September 9. A preview of the items for sale will be from 9 to 4 the previous two days.

“The building, grounds and equipment have been for sale for the past few years, of course with no buyers,” said, Mike Dennis, Redford Community development director.

“Hopefully, a new owner will purchase the business and property and resurrect this local business,” he said.
The Sinellis completed some major capital improvements to the building and grounds in the early to mid-2000s, he said.

Financial trouble
Sinelli Concrete experienced financial difficulties in late 2007 due to the poor economy and its inability to negotiate a new collective bargaining agreement with Local 247, according to documents on file with the US District Court for the Northern District of Illinois, Eastern Division.

In 2008, Sinelli Concrete Inc, withdrew from Central States, Southeast and Southwest Areas Pension Fund, a multi-employer pension plan based in Illinois. That triggered a $2,268,184.44 withdrawal liability and in April 2009 the pension fund filed a lawsuit against Sinelli Concrete and a related entity, Super Trucking Inc, according to court documents.

That suit ended on March 2, 2010, when Central States and its trustee obtained a $2,861,171.75 consent judgment against Sinelli Concrete and Super Trucking.

The Central States pension fund was unable to collect on the judgment and again went to court against Sinelli. The U.S. District Court for the Northern District of Illinois, Eastern Division, issued a ruling in 2013 which upheld two of the claims Central States brought against Sinelli, according to court documents.

Source

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