Military scrap sales will soon have a new unified face on the Web

Aug 12, 2005 | 05:28 AM | Paul Schaffer

Electronic auctions of military scrap should begin showing up on the Web around Labor Day, according to William Angrick, chairman and chief executive officer of Liquidity Services Inc.

The Washington-based company was the high bidder in December for the U.S. Defense Department's nationwide, seven-year "Scrap Venture" contract. The award was finalized June 9.

"We are in the process of rolling out Scrap Venture on a facility-by-facility basis. I would expect that to occur in the next 90 days," Angrick said in an interview last week.

Material for the first auctions is likely to come from Fort Meade, Md., where Liquidity Services is furthest along in working out the transition from the former local scrap arrangements. The military has been selling recyclables from 55 domestic military bases, although the list might be shortened as the Pentagon trims its roster of U.S. facilities.....

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