Friday, January 11, 2013
Loeb Winternitz Industrial Auctioneers: Hevco Industries Online Only Auction - 1/29
Thursday, January 3, 2013
The Red Cross & Loeb Thank You for Your Support This Year!
Through your partnership with Loeb you have made our contribution to the Red Cross possible!
In the wake of Hurricane Sandy, we wanted to help with the ongoing support of the east coast as they continue to recover from the storm. By donating to the Red Cross this holiday season, we are mobilizing relief workers and helping to stock shelters with greatly needed food and supplies.
We are grateful to you, our customers and partners, for your continued business and we hope you appreciate being a part of our support of the Red Cross and their efforts to bring assistance to those deeply affected by the storm.
We wish you a wonderful Holiday Season
& a Happy New Year!
Loeb Winternitz Industrial Auctioneers: U&ME Beverage Company Auction - Auction begins ons...
Loeb Winternitz Industrial Auctioneers: Awrey's Bakery (MI) Webcast Auction - Auction begi...
Loeb Winternitz Industrial Auctioneers: Optimum Food Group Webcast Auction 1/16
Loeb Term Solutions: Loeb Term Solutions Provides 3 New Financing Deals...
Tuesday, November 13, 2012
Loeb Term Solutions Provides New Financing Deal
Wednesday, September 5, 2012
Loeb Term Solutions: Let Loeb Term Solutions & Loeb Financial Services ...
Thursday, August 16, 2012
Loeb Winternitz Industrial Auctioneers: Nokia Siemens Networks (Motorola) Online Auction -...
Loeb Winternitz Industrial Auctioneers: Sun Engineering Online Auction - Lots begin closin...
Thursday, June 14, 2012
Loeb Winternitz Industrial Auctioneers: Online Auction Rich Products Corp. Auction
Thursday, May 31, 2012
Loeb Winternitz Industrial Auctioneers: JCP Specialty Foods Auction
Loeb Winternitz Industrial Auctioneers: Nogle & Black Mechanical, Inc. Auction
Loeb Winternitz Industrial Auctioneers: Tree Top, Inc. Auction
Tuesday, May 15, 2012
Loeb Appraisal: The Market in Review: 2nd Quarter 2012
Friday, May 4, 2012
Loeb Winternitz Industrial Auctioneers: Online Auction J.R. Finishers, Inc.
Tuesday, April 3, 2012
Loeb Term Solutions: Let Loeb Help You Close More Factoring Deals
Loeb Winternitz Industrial Auctioneers: ONLINE AUCTION - Aliments Certipro (Soy Nut Mfg.) Auction
Friday, March 2, 2012
Leveraging Equipment Value in the Current Economy
In the past three decades, there has been a great deal of speculation about the end of manufacturing and industry in the United States. But is manufacturing in the U.S. really declining? NO! It’s just becoming more automated. One positive outcome of the current economic slowdown is that it motivates companies to focus on efficiencies; creating the soaring productivity numbers reported in this article.
Josh Feinman, the Chief Economist and Managing Director of Deutsche Asset Management, Americas has released an interesting study comparing the decline in manufacturing jobs to output. “In the 1970s manufacturing jobs accounted for almost 40% of the jobs in the U.S., today it is less than 9%, but output has increased twice as fast as another industry."
When we break down the costs of manufacturing, we find that the costs for construction, machinery, energy, and raw materials are similar throughout the world. The major differentials in regional costs are labor and transportation. So, if a company can produce goods near its customers, it naturally saves on transportation. Remove labor from the cost equation, and a company can now compete with manufacturers anywhere in the world.
Per IndustryWeek magazine, manufacturing technology orders are up 101% from 2010. In August 2011, U.S. manufacturing technology orders totaled $460.61 million, according to the Association for Manufacturing Technology and the American Machine Tool Distributors’ Association.
“Despite news reports that wider economic growth may be stagnating, the manufacturing technology industry is sustaining its momentum,” said Douglas Woods, AMT president “With orders still up substantially over last year, there is clearly optimism within the industry as firms are seeing future growth opportunities that merit new capital investment.”
Welcome to the age of “shoring” also known as “re-shoring,” “on-shoring,” “back-shoring” and “home-shoring.” However you want to describe it, it’s the trend to bring manufacturing back to the good ol’ U.S. of A.
By leveraging machinery along with the other assets, manufacturers have additional cash on hand to streamline processes, buy additional equipment, increase the overall production of the company, or use the additional cash to help pay down their current Accounts Receivable or inventory lines.
There are two different methods to do asset-based lending on machinery. There are term loans and Purchase Leasebacks — both are very different structures and are not applicable to all scenarios. The easiest way to understand the difference between these is by comparing it to buying or renting a house. Depending on your situation, one is clearly better than the other.
Like buying a home, term loans help you maintain a strong balance sheet because you will maintain ownership of the equipment and retain the ability to write off the depreciation on tax filings. The negatives are that you can only expense the interest portion of the payment, the rates are adjustable, and equipment is listed as an asset on the balance sheet with the corresponding liability.
Purchase Leasebacks, however, are a process where you sell the assets but will continue to have access to use them, similar to selling your house, but renting it from the new owner. This is helpful given that a Purchase Leaseback does not contain any qualifying financial covenants that are found in a term loan. Since this is structured as a lease, the rate is fixed, so there are no rate adjustment surprises. If you have seasonal effects on your business, the lease structure can include custom unbalanced payments and flexible end-of-lease purchase options. For tax benefits, the entire lease payment can be expensed instead of just the interest portion, which is the case in a term loan. Finally, a Purchase Leaseback can be structured to be off balance sheet financing which can help improve financial ratios.
Whether it’s a matter of needing cash on the balance sheet or a need to restructure debt, if your company is no longer able to meet a bank’s lending standards, an equipment term loan or Purchase Leaseback from Loeb Term Solutions or Loeb Financial Services is the answer. Let us be the key to unlocking equity from your machinery and equipment.
Josh Feinman, the Chief Economist and Managing Director of Deutsche Asset Management, Americas has released an interesting study comparing the decline in manufacturing jobs to output. “In the 1970s manufacturing jobs accounted for almost 40% of the jobs in the U.S., today it is less than 9%, but output has increased twice as fast as another industry."When we break down the costs of manufacturing, we find that the costs for construction, machinery, energy, and raw materials are similar throughout the world. The major differentials in regional costs are labor and transportation. So, if a company can produce goods near its customers, it naturally saves on transportation. Remove labor from the cost equation, and a company can now compete with manufacturers anywhere in the world.
Per IndustryWeek magazine, manufacturing technology orders are up 101% from 2010. In August 2011, U.S. manufacturing technology orders totaled $460.61 million, according to the Association for Manufacturing Technology and the American Machine Tool Distributors’ Association.
“Despite news reports that wider economic growth may be stagnating, the manufacturing technology industry is sustaining its momentum,” said Douglas Woods, AMT president “With orders still up substantially over last year, there is clearly optimism within the industry as firms are seeing future growth opportunities that merit new capital investment.”
Welcome to the age of “shoring” also known as “re-shoring,” “on-shoring,” “back-shoring” and “home-shoring.” However you want to describe it, it’s the trend to bring manufacturing back to the good ol’ U.S. of A.
By leveraging machinery along with the other assets, manufacturers have additional cash on hand to streamline processes, buy additional equipment, increase the overall production of the company, or use the additional cash to help pay down their current Accounts Receivable or inventory lines.
There are two different methods to do asset-based lending on machinery. There are term loans and Purchase Leasebacks — both are very different structures and are not applicable to all scenarios. The easiest way to understand the difference between these is by comparing it to buying or renting a house. Depending on your situation, one is clearly better than the other.
Like buying a home, term loans help you maintain a strong balance sheet because you will maintain ownership of the equipment and retain the ability to write off the depreciation on tax filings. The negatives are that you can only expense the interest portion of the payment, the rates are adjustable, and equipment is listed as an asset on the balance sheet with the corresponding liability.
Purchase Leasebacks, however, are a process where you sell the assets but will continue to have access to use them, similar to selling your house, but renting it from the new owner. This is helpful given that a Purchase Leaseback does not contain any qualifying financial covenants that are found in a term loan. Since this is structured as a lease, the rate is fixed, so there are no rate adjustment surprises. If you have seasonal effects on your business, the lease structure can include custom unbalanced payments and flexible end-of-lease purchase options. For tax benefits, the entire lease payment can be expensed instead of just the interest portion, which is the case in a term loan. Finally, a Purchase Leaseback can be structured to be off balance sheet financing which can help improve financial ratios.
Whether it’s a matter of needing cash on the balance sheet or a need to restructure debt, if your company is no longer able to meet a bank’s lending standards, an equipment term loan or Purchase Leaseback from Loeb Term Solutions or Loeb Financial Services is the answer. Let us be the key to unlocking equity from your machinery and equipment.
Loeb Winternitz Industrial Auctioneers: Webcast Auction of Snyder's-Lance/Tom's Snacks (TX Facility) Auction - Onsite and online 5/1
Wednesday, February 29, 2012
Loeb Term Solutions: LTS Funds Three New Financing Deals Worth Over $1.75 Million in the Food Processing, Metalworking & Plastics Industries
Tuesday, February 7, 2012
Loeb Winternitz Industrial Auctioneers: ONLINE AUCTION - Metalworking Equipment from Scheffer, Inc. Auction
Wednesday, February 1, 2012
Loeb Winternitz Industrial Auctioneers: WEBCAST AUCTION - Smucker Foods of Canada
Loeb Winternitz Industrial Auctioneers: WEBCAST AUCION: Birds Eye Foods (Pinnacle Foods)
Tuesday, January 24, 2012
Loeb Appraisal: The Market in Review
Wednesday, January 11, 2012
Loeb Winternitz Industrial Auctioneers: WEBCAST AUCTION: Equipment Formerly of Moo & Oink,...
Tuesday, January 10, 2012
Loeb Winternitz Industrial Auctioneers: ONLINE AUCTION - Colorado Gourmet Potatoes
Tuesday, January 3, 2012
Loeb Winternitz Industrial Auctioneers: ONLINE AUCTION - Midwest Window Manufacturer
Thursday, December 22, 2011
Loeb Puts the Focus on Children's Organizations This Holiday Season
Company Gives Charitably to The Children's Heart Foundation & Big Brothers Big Sisters of Metropolitan Chicago
As a 5th generation family owned company, Loeb has a long-established history of helping children. This year the company has donated to two organizations particularly near and dear to the hearts of their employees who also donate their time.
In honor of its employee's volunteer efforts, Loeb has made charitable donations to two Chicago-based children's organizations this holiday season; The Children's Heart Foundation and Big Brothers Big Sisters of Metropolitan Chicago.
As a 5th generation family owned company, Loeb has a long-established history of helping children. This year the company has donated to two organizations particularly near and dear to the hearts of their employees who also donate their time.
"We're extremely grateful to our customers and partners," states Howard Newman, Loeb's President. "Their continued business in 2011 has made these donations possible and as a result we're making a difference in many children's lives. It's with added pleasure that I get to hear from my employees the impact our donations have on the children they encounter."
Jonathan Bloom, Loeb's Vice President of Business Development, has been a volunteer with the Big Brothers Big Sisters program since 2009. Loeb's donation to Big Brothers Big Sisters will directly benefit the Bronzeville chapter where several children had been waitlisted due to lack of funding.
"It's amazing to watch the pure enjoyment my little brother has when we do activities. I love watching him grow as an individual while also teaching him many different life lessons," said Bloom. "I am overjoyed in knowing more 'littles' will benefit from our gift.
Sales Manager for Loeb, Tom Larson recently became involved with The Children's Heart Foundation when his daughter, Tina, started organizing student events for the organization.
"I have found through my association with The Children's Heart Foundation, that philanthropy and volunteerism is the key to happiness," states Larson. "Loeb's generosity will go a long way to help the children dealing with heart disease and I'm glad I'll get to witness the impact first hand."
Continuing a long-standing tradition of generosity at the holiday season means a lot to Howard and to the employees of Loeb.
"In the area of giving," says Newman, "most everything we do here at Loeb is about making children smile."
About The Children's Heart Foundation
Established by Betsy Peterson in 1996, The Children's Heart Foundation (CHF) is the country's leading organization solely committed to fund congenital heart research. Since 1996, CHF has funded 43 research projects with more than $4.1 million. CHF is a national 501(c)(3) tax-exempt charitable organization that does not receive any government funding. The goal of the foundation is to bring health, hope and happiness to children and families impacted by congenital heart defects, the most common birth defect in the United States. This objective is accomplished by funding the most promising research to advance the diagnosis, treatment and prevention of congenital heart defects. For more information, please visit: www.childrensheartfoundation.org
About Big Brothers Big Sisters of Metropolitan Chicago
Big Brothers Big Sisters of Metropolitan Chicago operates under the belief that inherent in every child is the ability to succeed and thrive in life. As Chicago's largest donor and volunteer supported mentoring network, Big Brothers Big Sisters of Metropolitan Chicago makes meaningful, monitored matches between adult volunteers ("Bigs") and children ("Littles"), ages 6 through 18, in communities throughout Lake, Cook, DuPage Counties in Illinois and Northwest Indiana. We develop positive relationships that have a direct and lasting effect on the lives of young people. For more information, please visit: www.bbbschgo.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: www.loebequipment.com.
Tuesday, December 20, 2011
Loeb's Donation of Warehouse Space Will Help Expand Local Charity's Book-giving Efforts
The Bookwallah Organization is proud to recognize Loeb for the donation of warehouse space for Bookwallah's book collection, sorting, and distribution activities.
"We are very thankful for this valuable gift. The donated space will help Bookwallah to operate more efficiently and open up opportunities for volunteers to help with this critical activity," said Bookwallah founder, Seena Jacob. "The donation of the space will enable us to collect more storybooks to ship to orphan children around the world, thus expanding the impact of the organization."
Bookwallah is a 501(c)(3) non-profit organization whose vision is to transform the lives of children who have undergone hardship by "sharing the gift of imagination". The mission is to collect and distribute children's storybooks, set up libraries, and spread the joy of reading to children of children's homes and orphanages around the world.
"By helping this young organization at this critical stage, we know our gift is making a tremendous difference to children around the world and will lead the path to Bookwallah's success," said Loeb president, Howard Newman. "We're honored to be able to donate our resources."
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, equipment term loans from Loeb Term Solutions and purchase lease back financing from Loeb Financial Services. For more information on Loeb or any of its business units, please visit: www.loebequipment.com.
About the Bookwallah Organization Bookwallah is a 501(c)(3) non-profit organization whose vision is to transform the lives of children who have undergone hardship by sharing the gift of imagination. The mission is to collect and distribute children's storybooks, set up libraries, and spread the joy of reading to children of children's homes and orphanages around the world. There are 143 Million orphans in the world whose lives can change through the power and magic of storybooks. Bookwallah has three core programs which include: Bookwallah Books, Bookwallah Reading Rug, and Bookwallah Reading Services. Bookwallah has a simple story that grew from an idea and a passion. Founder Seena Jacob conceived the idea of the Bookwallah Organization in 2009 with her desire to spread the joy of reading to children of orphanages in developing nations across the globe. For more information on Bookwallah or any of its programs and services, please visit: www.bookwallah.org.
Thursday, December 15, 2011
Loeb Winternitz Industrial Auctioneers: ONLINE AUCTION - CSM Bakery Products
Tuesday, July 5, 2011
Loeb Term Solutions: Equipment Financing for Industrial Machinery & Equipment
Tuesday, May 3, 2011
Loeb Financial Services: The Key to Unlocking Equity from Machinery & Equipment Assets
Monday, April 11, 2011
2011 Bike Ride to IFA - Cancelled Due to Weather
Due to weather related issues, this year's IFA Bike Ride has been canceled.
If you are interested in joining us on future tours, visit our LinkedIn Event Page for more information.
Tuesday, March 29, 2011
Loeb Appraisal: Definition of Values from Loeb Appraisal
Monday, February 7, 2011
Ride with us through the mountains to the ocean and arrive at IFA '11 in style!
If you are interested in joining us, please join the event on our LinkedIn page at: http://events.linkedin.com/IFA-International-Factoring-Association/pub/301246
Already joining us on the ride? Download the Bike Rental Reservation Form
Thursday, January 13, 2011
Loeb Financial Services Welcomes Jonathan Bloom as Vice President of Business Development
We are pleased to announce an addition to the Loeb family...
Contact Jonathan at (773) 680-3967 or jonb@loebfinancial.com
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 no longer meet your 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.
Jonathan Bloom joins us as our new Vice President of Business Development, for purchase leasebacks, auctions, appraisals and off-lease machinery. He brings with him over 15 years of experience
working with financial institutions. We're excited to have someone with
Jonathan's expertise join our team as we continue to look toward the
future. Welcome aboard, Jonathan!
Contact Jonathan at (773) 680-3967 or jonb@loebfinancial.com
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 no longer meet your 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.
Loeb Financial Services Leases $6,000,000 in Equipment This Month
Recent transactions where Loeb Financial Services has provided purchase leasebacks, include:
About Loeb Financial Services LLC
An affiliate of Loeb, Loeb Financial Services provides financing through asset based leasing, purchase leaseback and purchase rent back opportunities. Our asset based leasing programs are ideal for:
 Equipment Valued in Excess of $4.75 Million to a Manufacturer of Drive-Train, Steering Comp., & Assemblies |
 Equipment Valued in Excess of $1.2 Million to a Manufacturer of Automobile Racing Products |
An affiliate of Loeb, Loeb Financial Services provides financing through asset based leasing, purchase leaseback and purchase rent back opportunities. Our asset based leasing programs are ideal for:
- Lenders Selling off their Non-Performing Loans
- New Business Development or Start-up Expenses
- Product Expansion
- Restructuring of Debt
- Need to Strengthen Credit Position
- Turnaround
- Chapter 11/Workout
Loeb Financial Services LLC welcomes broker participation
and offers referral fees when applicable.
and offers referral fees when applicable.
Thursday, January 6, 2011
Thank You for Helping Us Save 130 Acres of Rainforest!
A special thank you to all our customers and partners who helped us achieve our goal of 130 acres of reforestation & avoided deforestation!!
With 2010 having come to a close, we’re happy to announce 100% success in reaching our carbon offset goal of 130 acres of Rainforest conservation through the World Land Trust!
As you know, we couldn't have done it without your support. Your equipment purchase, appraisal, financing opportunities, or auction participation helped us reach our goal.
Thank you for helping us commemorate Loeb's 130th Anniversary by supporting us with this important cause. We look forward to being your Trusted Resource for Equipment Solutions in 2011 and for years to come.
To learn more about World Land Trust-US or to make your own contribution, please visit: www.worldlandtrust-us.org
With 2010 having come to a close, we’re happy to announce 100% success in reaching our carbon offset goal of 130 acres of Rainforest conservation through the World Land Trust!
As you know, we couldn't have done it without your support. Your equipment purchase, appraisal, financing opportunities, or auction participation helped us reach our goal.
Thank you for helping us commemorate Loeb's 130th Anniversary by supporting us with this important cause. We look forward to being your Trusted Resource for Equipment Solutions in 2011 and for years to come.
To learn more about World Land Trust-US or to make your own contribution, please visit: www.worldlandtrust-us.org
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
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.
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:
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.
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?
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!
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