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Ritchie Bros. to break ground on new auction site in St. Louis, MO

Wed. August 19, 2009; Posted: 08:00 AM
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ST. LOUIS, MO, Aug 19, 2009 /PRNewswire-FirstCall via COMTEX/ -- RBA | Quote | Chart | News | PowerRating -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer will break ground at its new permanent St. Louis auction site in the village of Caseyville on Monday, August 24, 2009 at 11:00 a.m. Ritchie Bros. management and a number of dignitaries from the village of Caseyville, including Caseyville Mayor George Chance, will participate in the ground breaking ceremony.

"Ritchie Bros. has been holding auctions in the St. Louis metro area since 1993 and we're very excited about finally becoming a permanent fixture in the community with the opening of our new St. Louis auction site," said Jesse Cantin, Regional Manager, Ritchie Bros. Auctioneers. "We've built many long-term relationships with equipment owners and solidified a strong presence in the area over the years. This has given us the opportunity to establish a new permanent high-profile auction site and facility on I-64 that will enable us to provide an even higher level of service to all of our customers in the St. Louis area."

The new Ritchie Bros. auction site in St. Louis will hold regular unreserved auctions throughout the year for local and international customers interested in buying and selling equipment.

Approximately 40-acres of the 68-acre St. Louis auction site will be developed during the first phase of construction. Plans include the building of 13,500-sq ft auction facility housing offices, customer registration and a 500+ seat auction theatre by March 2010.

Over 15,000 registered bidders have bid on more than 11,000 equipment items sold in St. Louis auctions since 1993. An upcoming unreserved public auction to be held on October 2, 2009 at 1400 Shapiro Drive in Festus, MO while construction is being carried out at the new auction site will mark the Company's 20th auction in St. Louis.

    WHO:      George Chance, Mayor of Caseyville
              Kerry Davis, Trustee of Caseyville
              Bill Black, Trustee of Caseyville
              Ron Tamburello, Trustee of Caseyville
              Wally Abernathy, Trustee of Caseyville
              Pat Dyson, Trustee of Caseyville
              Phil Carlton, Trustee of Caseyville
              G.W. Scott, Superintendent of Caseyville
              Steve Wasser, Superintendent of Caseyville
              J.D. Roth, Police Chief of Caseyville
              Paul McNamara, Zoning Administrator of Caseyville
              Leonard Black, Village Clerk of Caseyville
              Duane Clarke, Village Attorney of Caseyville
              Jesse Cantin, Ritchie Bros. Regional Manager
              Nick Pacino, Ritchie Bros. Territory Manager
              Dan Phelan, Ritchie Bros. Territory Manager
              Reed Low, Ritchie Bros. Territory Manager


    WHAT:     Ground breaking ceremony for new permanent auction site in
              St. Louis, MO

    WHEN:     11 a.m. Monday, August 24, 2009

    WHERE:    Ritchie Bros. Auctioneers
              2436 Old Country Inn Drive
              Village of Caseyville, IL 62332

    About Ritchie Bros.

Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA | Quote | Chart | News | PowerRating) 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 39 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.

CONTACT: Kim Schulz, Manager, Corporate Communications, Ritchie Bros. Auctioneers, Cell: (604) 788-5379 or email kschulz@rbauction.com Or Jesse Cantin, Regional Manager, Ritchie Bros. Auctioneers, Kansas auction sale site: (816) 633-4096

SOURCE Ritchie Bros. Auctioneers

 
For full details on Ritchie Bros Auctioneers (RBA) click here. Ritchie Bros Auctioneers (RBA) has Short Term PowerRatings of 5. Details on Ritchie Bros Auctioneers (RBA) Short Term PowerRatings is available at This Link.

    


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