Monday, September 27, 2010

Senior Appraiser, Stan Czupryna, Hand Crafts Sign to Adorn Loeb's Offices

As many of our customers who have visited our Chicago facilities have witnessed, we have a sign collection in our warehouse from many of our past involvements. This collection has even been a feature article in the Chicago Tribune. One day while walking through this array of corporate identity it occurred to me that we ourselves did not have an interior sign that expressed our heritage.

I have been into woodworking since a very young age when I witness the skills of some master model ship builders who plied their craft in the wood shop of the lower levels of Lawndale Park (now Pictrowski Park) on the west side of Chicago. In 2006 I received a gift certificate from Jim and Howard Newman at our yearly Christmas party, as part of their way of celebrating their employees 5 year milestones. The gift certificate was designated for buying more tools for what they knew was my wood working hobby. With new tools in hand and a project in mind, the Loeb Sign Project was initiated.



The Loeb Equipment and Appraisal logo had developed through the course of the 5 generations of Newman owners and was present on every business card I had ever passed out while inspecting a myriad of plants in the course of my duties as a Certified Equipment Appraiser. It was my vision to create a 3 dimensional replication of this logo to present to the Newman Family.

For a sign to represent more than 130 years of service, I decided to use an aged piece of common wood that would be mostly hand worked. It was designed to be less than machine tool perfect, with a moderation of tool marks, and what could be considered normal aging, wear and tear. The project really started after the December 12, 2006 Christmas Party with the purchase of a 1 x 12 x 6 piece of white pine. That selected piece of wood was clamped to the work bench and left to age in my work shop while being used as a base for other projects and a general area to place tools and other things to achieve a well used appearance. In the meantime I had to figure out all the components size relationships; duplicate and transfer the font for the word “Loeb”; design and fabricate the test tube and gear; and finally work out all the 3D relationships.

By December of 2007 the letters were chiseled and carved out, the test tube was hand fabricated with a belt sander and the gear was designed but not fabricated. In January of 2008 the gear was cut out but the pure blank area of the gear on this scale was overbearing to the overall presentation. After a little thought I decided to take the liberty of inscribing the gear with the Loeb web site address. Making it concentric to the shaft hole changed the appearance of the whole project to something much more pleasing to the eye. The rest of the year was dedicated to more aging and final finishing. I had originally decided on a multi layer staining process which would give the background a translucent weathered appearance. On most of the background surface that effect was achieved but on the right side of the sign the wood would not take the process uniform to the rest of the sign. After multiple tries and changes in the staining process, the decision was made to complete discard that approach. By December of 2008 multiple layers of stain were finally carefully chipped and scraped away. A new approach had to be found.

The letters, edging and shadow portions of the sign retained the staining process but the background, and the flawed wood, worked better with paint. After the right shades were found and applied the project was assembled and then sealed with several coats of satin polyurethane to tie all the hues together and give the sign a uniform look.

On December 19, 2009 Loeb again had its annual Christmas Party. After the recognition of the employees who had reached 5 year milestones, the new “old” Loeb logo sign was presented to Howard Newman as the current President of Loeb Equipment and Appraisal Company.

Stanley Czupryna, CEA
Senior Appraiser, Loeb Appraisal

Wednesday, September 1, 2010

Loeb Team Takes Control of Buckingham Fountain

This month our team took a tour of the control systems of Buckingham Fountain in Chicago's Grant Park.  

Watch our team take control of the fountain:
Check out some of the pictures from our tour:

Loeb Financial Services LLC Provides Over $10 Million in Financing this Quarter

Our funding assists banks and helps their clients stay in business

Loeb Financial Services helps standard financial institutions clean up their loan portfolios by either purchasing non-performing loans directly or by providing a new means of machinery and equipment financing for clients who are out of covenants.

If you have clients in financial distress where you may be contemplating foreclosure, talk to Loeb Financial Services.  We would be glad to assist with a funding solution.

Recent transactions where Loeb Financial Services has provided purchase leaseback financing, include:

Equipment Valued in Excess of
$600,000
to a Wholesale Bakery Servicing
Retail Clients such as
McDonalds & Starbucks

Equipment Valued in Excess of
$4.75 Million
to a Precision Machining Op.
Servicing OEMs & Top NASCAR Teams

Equipment Valued in Excess of
$2 Million
to a Premiere Provider of
Towing Hitch Solutions

Equipment Valued in Excess of
$300,000
to a Manufacturer of
Potato Starch

Equipment Valued in Excess
$450,000
to a Rock Crushing &
Recycling Company

Equipment Valued in Excess of
$1.5 Million
to a Manufacturer of
Swat Team vehicles

Monday, April 5, 2010

Loeb Celebrates 130 Years by Saving 130 Acres

To celebrate Loeb's 130th anniversary of family tradition of assisting customers with reusing industrial machinery, the company is taking their green values to the next level and offsetting the carbon footprint for each piece of equipment sold, for each appraisal engagement, finance deal funded, liquidation and auction held. Their goal by the end of the year is to reach a carbon offset of 130 acres of Rainforest conservation that they will sponsor through the World Land Trust – US.

The Newman family has been in the business of reusing, reconditioning, and recycling used packaging and processing machinery since 1880 when Harry Newman first established Newman Soap and Tallow. Now in its fifth generation of family ownership, Harry's great-great grandson Howard, is committed toward making a difference for future generations through the company's green efforts.

"We've always been involved in the green aspects of reusing and recycling with the equipment we sell," states Newman. "Loeb's ‘130 Acres for 130 Years’ program helps us close the loop and take our green efforts to the next level by offsetting the carbon footprint of our daily business operations. We're making a much needed and immediate impact toward ensuring a cleaner environment for generations to come."

As a company, Loeb focuses not only on the redeployment and repurposing of quality used equipment, but also recycling and conserving within its operations. Employees recycle throughout the office and there is an emphasis on electronic communications since Loeb strives to be a near-paperless environment.

Loeb's purchase of 130 acres of threatened tropical forest is just the first step to help save this high-priority land from being lost forever. Their conservation efforts commemorate well over a century of successful business dealings and demonstrate our dedication to combating the effects of global warming, through offsetting.

Reforestation and forest preservation carbon offset projects are part of the global warming solution. Carbon offset projects fight climate change by sequestering carbon dioxide emissions from the atmosphere in rainforest lands that conserve rare or endangered species and ecosystems rich in biodiversity. Forest preservation creates jobs, maintains and expands wildlife habitats, protects biodiversity, and improves local environmental quality.

Much of the world's tropical rainforests have either been cut down or are directly threatened with imminent deforestation. Deforestation and forest degradation have resulted in species loss and direct contribution to global warming accounting for over 20 percent of global carbon dioxide emissions – more than the entire global transportation sector.

About World Land Trust-US

World Land Trust-US is an international conservation organization that takes direct action to save rainforest and other biologically important lands. Since its foundation in 1989, WLT-US has purchased and protected over 1.7 million acres of tropical forests, coral reefs, coastal steppes and ancient woodlands. WLT-US includes local people and local partner organizations in every step of the process, fostering long-term sustainability for its projects. To learn more about World Land Trust-US or to make your own contribution, please visit: http://www.worldlandtrust-us.org

About Loeb

For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturing and financial companies grow their business. Headquartered in Chicago with a 150,000 square foot facility, Loeb provides equipment, appraisals and financial services to global banking organizations and manufacturing companies specializing in the food, pharmaceutical, cosmetics and chemical industries. Loeb services and business units include: equipment sales and purchases, certified market appraisals from Loeb Appraisal, liquidation and auction services from Loeb Winternitz Industrial Auctioneers, and purchase lease back financing from Loeb Financial Services. For more information on Loeb or any of its business units, please visit: http://www.loebequipment.com.

Friday, January 15, 2010

250 Years of Family Business Values Merge

Introducing Loeb Winternitz Industrial Auctioneers



We are thrilled to announce the formation of Loeb Winternitz Industrial Auctioneers. This full service auction division offers our customers complete “Webcast” and “Online Only” auction asset disposition services. Loeb Winternitz Industrial Auctioneers will be led by Charles Winternitz, CEA, CSA as its President. Most notably, Charlie was previously an owner of Winternitz, Inc., a nationally recognized auction and appraisal firm that dates back to the early 1890’s. As a Fourth Generation Auctioneer, Charlie brings over 20 years of experience conducting in excess of 1,000 auction sales and over 5,000 appraisal projects performed. On its own, Loeb has conducted 20 auctions in 2009, and with the creation of this new division, our sales volume will be increasing significantly throughout 2010 and beyond.

With our combined experience, now covering all industrial verticals, our services have expanding to be of more assistance to create value in the equipment appraisal; equipment auction and equipment financing marketplace. With the hundreds of financial and industrial clients that we serve, we look forward to better assist all of your equipment needs.

Charlie and I are excited to partner, as we both share a unique background and common vision for the future. Charlie is a 4th generation family business owner and understands the importance of customer service; your word is your bond, and values relationships. It is these shared values that has motivated us to come together to streamline the customer experience. I still joke around with Charlie since the Newman’s have him beat by 10 years (1880) but after 130 years, what is 10 years amongst friends?

Thursday, January 14, 2010

Web 2.0: You asked. We delivered.

Our new website is launched and is already a hit! You asked--we listened and delivered. Customers have asked for the ability to see larger images, more images and videos. Don’t waste your precious time traveling to inspect a machine before you purchase it, hear and see it running on our website. In a hurry for a case taper, pump or other value priced quick need item? LoebEuipment.com is the first fully integrated e-commerce site for the online sale of used machinery. Simply register, add the item to your cart, pay with your credit card and we will guarantee shipping of you item within 24 hours of purchase. Within our first week, we shipped a small heat exchanger that a customer needed ASAP when they had a problem with one on their HTST system. Now that is technology every plant or maintenance manager can use!