BULK AUCTION SALE: Harbison-Walker Refractories, Ludington, MI

WHO:
HARBISON-WALKER REFRACTORY COMPANY
By order of the United States Bankruptcy Court for the Western District of Pennsylvania at Case #02-21626.

WHAT:
A Harry Davis & Company BULK AUCTION SALE of 46ą Acres of Prime Real Estate, Extensive Refractory & Material Handling Equipment and Tens of Thousands of Tons of Salvage Metals.

WHEN:
WEDNESDAY, JUNE 28, 2006 at 1:00 p.m.

WHERE:
921 Pere Marquette Rd., Ludington, Michigan 44931

Map of Harbison-Walker Co., 921 S Pere Marquette Hwy. Ludington, MI 49431-8320

DIRECTIONS - Rt. 31 to first Ludington exit, north to plant. (Plant is 98 miles from Grand Rapids, MI)

INSPECTION:
TUESDAY & WEDNESDAY, JUNE 13-14, 2006 and by appointment. Call (800) 775-2289

TERMS:
ALL BIDDERS must post a refundable $100,000 cashier’s deposit PRIOR to the auction sale. Deposit will be increased to 10% of the total bid price at the auction. Subject to 10% Buyer's premium. Balance of purchase price to be paid in full at closing in 30 days. Purchaser will execute a written agreement of sale at time of the auction. The agreement of sale is available for immediate inspection. Bidder to verify all specifications and descriptions of real and personal property. All due diligence to be performed by bidder prior to the auction sale. Although information has been obtained from reliable sources, the Auctioneer makes no warranty or guarantee, express or implied as to the the accuracy of information in this brochure. Additional terms to be announced at the sale.

Call (800) 775-2289 for Registration, Bidder’s Packet and to Inspect!

REAL ESTATE

BULK SALE! - REAL ESTATE & EQUIPMENT

(Click Here for May 2006 Survey)

• 46ą Acres Prime Commercial, Industrial or Residential Development Property

• Located 1.5 miles from Lake Michigan

• Potential Residential / Resort Development

• Tens of Thousands of Tons of Salvage Metals

• Environmentals & Survey Available for Review

Map of Harbison-Walker Co., 921 S Pere Marquette Hwy. Ludington, MI 49431-8320

SALVAGE METALS - HUNDREDS OF THOUSANDS OF TONS!

•    100,000’s lb. Copper*

•    100,000’s Tons of Steel*

•    25,000ą lbs. Nickel*

•    25,000ą lbs. Stainless Steel and Inconel*

•    Other Valuable Salvage Materials including High Strength Rail, MORE!

* All quantities approximate. Buyer to inspect and verify.