Tim Menning of Hytest Timber trusts Ritchie Bros. and nets big returns

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Tim Menning of Hytest Timber trusts Ritchie Bros. and nets big returns

“The work was hard and the days were long, but the money was good”

Tim Menning started logging at 15, working evening and weekends. The work was hard and the days were long, but the money was good. Growing up in Williams Lake, B.C., the forestry industry was all around him and a natural fit for Tim.

“I really enjoyed my time as a faller,” said Tim. “I could easily see the fruit of my labor each day, counting up how many trees I cut. Sitting behind a desk, as I do a lot now, you aren’t as connected to that.”

Caterpillar grapple skidder sold by Ritchie Bros.

Tim worked hard, slowly gaining experience until he was ready to open his own company: Hytest Timber Ltd. At just 27, Tim was ready to go out on his own—logging, roadbuilding and log hauling.

“Ritchie Bros. helped us… get through the tough times”

Link Belt processor sold by Ritchie Bros.

Over the years the company grew, with peaks and valleys, as is typical of any resource-based industry. Along the way, Tim purchased and sold equipment through Ritchie Bros. Auctioneers.

“In 2009, with the recession, we decided to realign our fleet based on the amount of work we had coming in. We knew we wouldn’t get top dollar for our equipment at the time, but it’s what we had to do. Ritchie Bros. helped us get all our ducks in row, so that we could get through the tough times.”

And they did get through the tough times. Today, Hytest Timber Ltd. harvests approximately 200,000 – 250,000 cubic meters of logs each year. Their fleet expands and contracts continually based on workload.

“Ritchie Bros. was the best way to sell a lot of equipment in short order”

Madill short wood log loader sold by Ritchie Bros.

Recently, Hytest sold off one of its logging contracts and decided to sell unnecessary surplus through Ritchie Bros. as a result.

“We had a significant amount of equipment we were looking to sell and felt Ritchie Bros. was the best way to sell a lot of equipment in short order,” said Tim. “Ritchie Bros. attracts a lot of buyers and, if your equipment is in good condition, can help you realize strong net returns.”

On May 30, 2018, Hytest sold 23 items in Ritchie Bros.’ Chilliwack auction, including processors, log loaders, feller bunchers, and more. Specific sales highlights included a 2015 Madill 2850C Series II short wood log loader that sold for CA$450,000; a 2013 Link-Belt 210X2PHN processor that sold for CA$170,000; and a 2015 Caterpillar 555D grapple skidder that sold for CA$170,000

“Ritchie Bros. did a great job. They were knowledgeable, professional and provided exceptional service. At the end of the auction I was very pleased with the results we achieved.”

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