Close this search box.

Success Story


Sales Total
$ 0 K+


Whether you’re downsizing, consolidating operations or closing up shop, you have a lot on the line. From emotional to financial pressures to tough expectations and critical timing. This is a moment when you need to have complete confidence that you can get the absolute most for your assets, and know you’re working with a partner who’s willing to go above and beyond to protect your interests. 

New York-based International Flavors & Fragrances, IFF, acquired Frutarom, a manufacturer and developer of flavorings and ingredients operating in West Chester, Ohio. As plans were finalized related to the acquisition, IFF determined it was necessary to close down the facility operated by Frutarom. During its wind down process, Frutarom wanted to work with a local company whom they could trust and hired CIA Industrial to conduct the auction of their assets. This auction included a variety of liquid and powder production equipment, SS Processing Tanks & Ribbon Blenders, Accumulation Belt Conveyors, and other plant support equipment and accessories.

Process At a Glance


CIA makes connection with person handling closure

Constant interaction on their production schedule and timing.


Site Inspection

CIA team visits the facility and does a thorough walkthrough taking notes and photos and regroups internally to review market values for machinery & equipment.


Send Auction Proposals

CIA offers both commission & cash offer proposal.


Frutarom Signs Contract

Cash offer accepted – 50% deposit.


Advertising Begins

Website, social media, etc.


Set Up Work Begins

1 guy at each location for 1 week.


Inspection Day

CIA hosts an inspection where an onsite team guided potential bidders as they previewed equipment for sale to ensure they were informed of all details pertaining to equipment of their interest.


Auction Day


Project Completed


CIA conducted a Timed Online auction with 225 lots across two separate production facilities spanning a total of 73,858 sq. ft. Despite having one of the facilities still operating on auction day, our team working logistics between two buildings and staying compliant with current COVID requirements, our efficiency and professionalism drove the successful liquidation of all equipment. The auction was attended by 227 bidders and totaled $740K in sales.

We at Frutarom would like to thank Cincinnati Industrial Auctioneers for a successful liquidation of our equipment. The magnitude of the liquidation involved two production facilities, that included liquid and powder production equipment. During this very sensitive time, CIA conducted the auction in two buildings, one of which was actively producing, without an issue. The team was courteous, respectful, and followed the rules of COVID -19 using that PPE and social distancing we required. Ryan Luggen and Tanner Luggen have been an absolute pleasure to work with. Very professional team, with quick and consistence results.

We would recommend this group for your needs of execution and professionalism.

– Bill Lary

Director of Operations, Engineering & EHS

Stay In Touch With Us

Enter your email address to get the latest information on our upcoming auctions and more delivered to your inbox.