Ritchie Bros. closes on new facility in NC

A Ritchie Bros. location in Canada

RALEIGH-DURHAM, NC -- After more than 10 years of service at its current site in Statesville, Ritchie Bros. Auctioneers officially closed on the property that will become the Company's 107-acre permanent auction site north of Raleigh-Durham, North Carolina last week. 

Construction of a new auction facility, complete with a refurbishment facility and equipment yard, is scheduled to begin June 2011 with expected completion targeted for mid 2012.

An official ground-breaking ceremony at the Raleigh-Durham auction site with local dignitaries and representatives from Ritchie Bros. present will be held on June 10, 2011.

Established in 1958, Ritchie Bros. Auctioneers is the world's largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world.

PR Newswire