A broken tree factory was broken. Farmers can buy machinery cheaply at auction

A plow factory went bankrupt – farmers can buy machinery at auction. The Austrian company Regent Pflugfabrik had financial problems at the end of 2023. Now the factory is put up for auction, including machines and other equipment. It is an opportunity for farmers looking for farm equipment at low prices.

Regent Pflug fabrik is an Austrian agricultural technology company founded 90 years ago. At the end of 2023, the company had financial problems. Apparently, continuing operations through the restructuring process did not save the company. The entire factory will be put up for auction: agricultural machinery, spare parts, but also factory machinery and amazing items from the company’s history, he said. Agriculture today.

The Regent Plow factory went bankrupt

In late 2023, Regent filed for bankruptcy and began restructuring proceedings. According to media reports, the causes of the financial problems were obstacles in the supply chain, labor problems and the previous increase in energy prices.

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The Upper Austrian agricultural technology manufacturer Regent was famous for its plow, and its main activity was production and sales. The company also produced cultivators, short disc harrows, seed drills and rotary harrows at its headquarters in Attnang-Puchheim. The production facility is now closed.

Regent went bankrupt. Farmers can buy machinery cheaper at auction

Auction portal aurena.at announces more than 5,800 items to be auctioned on August 13, 2024. These are plows, cultivators and other new equipment from Regent. Also up for auction are forklifts, utility vehicles and trucks. The most expensive bid to date was €23,000 (as of 24 July 2024) for a Regent Raptor heavy cultivator.

In addition to agricultural machinery, the complete set of factory machinery and equipment is ready for sale. These include workshop trolleys and wrench sets, but also laser cutting systems from Trumpf, CNC milling machines and lathes. Unusual items include, for example, a historic Regent advertising sign, a model crane or workwear, and lights with Regent logos and inscriptions.

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On August 13, 2024, the auction portal aurena.at he sells Regent’s inventory. The online auction starts at 8am (local time in Austria). Bids can already be submitted online. Both businesses and individuals can apply.

All items can be viewed the day before. What bidders should know: The auction fee is 18% of the total amount. VAT of 20% is added to this.