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Ritchie Brothers to Open New Auction Site in Salt Lake

Ritchie Bros. Auctioneers (NYSE and TSX: RBA), will celebrate the grand opening of its new regional auction unit in Salt Lake City, Utah on April 22 with a multi-million dollar unreserved public equipment auction starting at 8:00 a.m.

Ritchie Bros. senior management and Tooele County Commissioners will participate in a mid-morning ribbon cutting ceremony to mark the opening of the new auction site - the company's 41st auction site globally.

Ritchie Bros. has been conducting unreserved public auctions at temporary locations in Salt Lake City since 1986. The April 22nd auction will be the 27th held by the company in Salt Lake City since then. Close to 1100 equipment items will be sold to the highest bidders on auction day - regardless of price - with no reserves or minimum bids. Equipment highlights include a large selection of trucks and trailers, aggregate and compaction equipment, agricultural tractors, 60 hydraulic excavators, 35 golf carts, 25 trenchers, wheel loaders, crawler tractors and pipelayers.

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