We buy surplus in bulk. Click here to get a free valuation.

Surplus Machinery

Leaderpack JN-740 03090013 110 VOLTS 60 HERTZ 5 AMPS | Strapping Machines

  • Machinery Dimensions: 35.43 x 23.62 x 29.53 in
  • Strapping Type: SEMI-AUTOMATIC
  • Model: JN-740
  • Serial Number: 03090013
  • Manufacturer Name: Leaderpack
  • Current: 5 AMPS
  • Machinery Weight: 330.69 lb
  • Voltage: 110 VOLTS
  • Recommended Packaging Form: CUSTOM
  • CE Marked: NO
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: Estado de México, Mexico

We buy Leaderpack JN-740 03090013 110 VOLTS 60 HERTZ 5 AMPS in bulk. Click here to get a free valuation.

Jiangsu Black Leopard Machinery Manufacturing Co.,lLtd HB | Tissue Paper Lines

  • Machinery Dimensions: 78.74 x 98.43 x 9.84 ft
  • Capacity Speed: 270 CU FT/MIN
  • Model: HB
  • Manufacturer Name: Jiangsu Black Leopard Machinery Manufacturing Co.,lLtd
  • Machinery Weight: 15432.20 lb
  • Year: 2007
  • Recommended Packaging Form: PALLET
  • Located in: Europe

We buy Jiangsu Black Leopard Machinery Manufacturing Co.,lLtd HB in bulk. Click here to get a free valuation.

Agilent Technologies 33220A MY44006611 | Miscellaneous

  • Machinery Dimensions: 12 x 9 x 4 IN
  • Model: 33220A
  • Serial Number: MY44006611
  • Machinery Weight: 5 LBS
  • Manufacturer Name: Agilent Technologies
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Located in: Hillsboro, OR, USA

We buy Agilent Technologies 33220A MY44006611 in bulk. Click here to get a free valuation.

Metrohm 1895001005104 50/60 HERTZ | Titrators

  • Machinery Dimensions: 15.47 x 15.08 x 10.91 in
  • Voltage: 100-240 V VOLTS
  • Model: 1895001005104
  • Manufacturer Name: Metrohm
  • Machinery Weight: 55.12 lb
  • Frequency: 50/60 HERTZ
  • Located in: EMEA, Belgium

We buy Metrohm 1895001005104 50/60 HERTZ in bulk. Click here to get a free valuation.

Lan Franchi L3 SR 16 24 13966 989 04 / 04020 / 0766169001 / 0766169002 27500 BPH 250 ml Plastic Bottle 7 BAR 440 VOLTS 60 HERTZ 3 KW | Orienters

  • Machinery Weight: 11904.84 lb
  • Machinery Dimensions: 637.80 x 157.48 x 118.11 in
  • No. Lanes Out: 24
  • Capacity Speed: 27500 BPH
  • Serial Number: 13966 989 04 / 04020 / 0766169001 / 0766169002
  • Model: L3 SR 16 24
  • Package Type: BOTTLE
  • Manufacturer Name: Lan Franchi
  • Products Run: Plastic Bottle
  • Product Sizing: 250 ml
  • Voltage: 440 VOLTS
  • Air Requirements: 7 BAR
  • Year: 2004
  • Current: 3 KW
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Mexico

We buy Lan Franchi L3 SR 16 24 13966 989 04 / 04020 / 0766169001 / 0766169002 27500 BPH 250 ml Plastic Bottle 7 BAR 440 VOLTS 60 HERTZ 3 KW in bulk. Click here to get a free valuation.

Unknown MXC2 280 SY | Coolers

  • Machinery Dimensions: 59.06 x 157.48 x 78.74 in
  • Temperature Range: 10 DEG F
  • Model: MXC2 280 SY
  • Year: 2011
  • Machinery Weight: 1500 LBS
  • Located in: Indonesia

We buy Unknown MXC2 280 SY in bulk. Click here to get a free valuation.

Busch NP0250.ALL6.000B U080400558 | Miscellaneous

  • Serial Number: U080400558
  • Machinery Dimensions: 70 x 60 x 94 IN
  • Model: NP0250.ALL6.000B
  • Manufacturer Name: Busch
  • Machinery Weight: 1500 LBS
  • Located in: Skull Valley, UT, USA

We buy Busch NP0250.ALL6.000B U080400558 in bulk. Click here to get a free valuation.

Russell Finex Compact 060413746 STAINLESS STEEL 480 VOLTS 60 HERTZ | Miscellaneous

  • Machinery Dimensions: 80 x 31 x 66 IN
  • Model: Compact
  • Serial Number: 060413746
  • Manufacturer Name: Russell Finex
  • Machinery Weight: 1000 LBS
  • Material of Construction: STAINLESS STEEL
  • Voltage: 480 VOLTS
  • CE Marked: NO
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: Forest, VA, USA

We buy Russell Finex Compact 060413746 STAINLESS STEEL 480 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

B Braun Biotech International GmbH 8864829 230 VOLTS 50 HERTZ 8 AMPS | Shakers

  • Machinery Dimensions: 25.59 x 19.69 x 25.59 in
  • Model: 8864829
  • Manufacturer Name: B Braun Biotech International GmbH
  • Machinery Weight: 110.23 lb
  • Year: 2001
  • Voltage: 230 VOLTS
  • Frequency: 50 HERTZ
  • Current: 8 AMPS
  • Phase: 1
  • Located in: Europe

We buy B Braun Biotech International GmbH 8864829 230 VOLTS 50 HERTZ 8 AMPS in bulk. Click here to get a free valuation.

Tetra Pak Cardboard Packer 71 380 VOLTS 60 HERTZ 2.36 in DIVERTER CONVEYOR | Conveyors

  • Machinery Dimensions: 49.21 x 33.46 x 53.15 in
  • Type of Conveyors: DIVERTER CONVEYOR
  • Belt Size: 2.36 in
  • Model: Cardboard Packer 71
  • Manufacturer Name: Tetra Pak
  • Guide Rails: YES
  • Machinery Weight: 440.92 lb
  • Voltage: 380 VOLTS
  • Year: 2002
  • CE Marked: YES
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: SP, Brazil

We buy Tetra Pak Cardboard Packer 71 380 VOLTS 60 HERTZ 2.36 in DIVERTER CONVEYOR in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CZ 15 | Balances

  • Model: CZ 15
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CZ 15 in bulk. Click here to get a free valuation.

Salvis Lab TC40 314.1014/10 230 VOLTS 50/60 HERTZ | Miscellaneous

  • Model: TC40
  • Serial Number: 314.1014/10
  • Manufacturer Name: Salvis Lab
  • Chamber Dimensions: in
  • Machinery Dimensions: 19.69 x 19.69 x 19.69 in
  • Year: 2014
  • Machinery Weight: 110.23 lb
  • Voltage: 230 VOLTS
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Basel, Switzerland

We buy Salvis Lab TC40 314.1014/10 230 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Guardian Equipment GFR3100FP HTS002379 120 VOLTS 1 AMPS | Safety Equipment

  • Serial Number: HTS002379
  • Machinery Dimensions: 103 x 25 x 52 IN
  • Model: GFR3100FP
  • Manufacturer Name: Guardian Equipment
  • Current: 1 AMPS
  • Year: 2018
  • Machinery Weight: 500 LBS
  • Recommended Packaging Form: CRATE
  • Voltage: 120 VOLTS
  • Located in: MA, USA

We buy Guardian Equipment GFR3100FP HTS002379 120 VOLTS 1 AMPS in bulk. Click here to get a free valuation.

ACMA MNCH-45-VA-PPUCK-FLEX-BTU 11472.3.01;1397M1 50/60 HERTZ | Unscramblers

  • Machinery Weight: 61728.80 lb
  • Machinery Dimensions: 1251.97 x 275.59 x 118.11 in
  • Serial Number: 11472.3.01;1397M1
  • Model: MNCH-45-VA-PPUCK-FLEX-BTU
  • Manufacturer Name: ACMA
  • Year: 2009
  • Frequency: 50/60 HERTZ
  • Located in: China

We buy ACMA MNCH-45-VA-PPUCK-FLEX-BTU 11472.3.01;1397M1 50/60 HERTZ in bulk. Click here to get a free valuation.

Roland LEJ640 | Printers

  • Machinery Dimensions: 126 x 33 x 51 IN
  • Model: LEJ640
  • Manufacturer Name: Roland
  • Machinery Weight: 750 LBS
  • Recommended Packaging Form: CUSTOM
  • Located in: North America

We buy Roland LEJ640 in bulk. Click here to get a free valuation.

NNP Corporation 230/460 VOLTS 50/60 HERTZ | Heat Tunnels

  • Machinery Dimensions: 47.24 x 19.69 x 59.06 in
  • Capacity Details: Aperture: 400mm x 250mm
  • Manufacturer Name: NNP Corporation
  • Machinery Weight: 881.84 lb
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 3
  • Voltage: 230/460 VOLTS
  • Located in: Europe

We buy NNP Corporation 230/460 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

ITT STAINLESS STEEL STAINLESS STEEL CARBON BLOCK STAINLESS STEEL STAINLESS STEEL 14 IN 90 IN | Heat Exchangers/Condensers

  • Machinery Weight: 685 LBS
  • Machinery Dimensions: 90 x 14 x 14 IN
  • Plate Temperature Rating: STILL INSTALLED DEG C
  • Tube Length: 90 IN
  • Tube Diameter: 14 IN
  • Capacity of Heat Exchanger: 627 SQ FT
  • National Board #: 9964
  • Manufacturer Name: ITT
  • Tube Material of Construction: STAINLESS STEEL
  • Block Material of Construction: CARBON BLOCK
  • Frame Material of Construction: STAINLESS STEEL
  • Plate Material of Construction: STAINLESS STEEL
  • Shell Material of Construction: STAINLESS STEEL
  • Type of Heat Exchanger: SHELL AND TUBE
  • Year: 1996
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: PR, USA

We buy ITT STAINLESS STEEL STAINLESS STEEL CARBON BLOCK STAINLESS STEEL STAINLESS STEEL 14 IN 90 IN in bulk. Click here to get a free valuation.

Mettler Toledo M400 FF 1239427383 50/60 HERTZ | Conductivity Meters

  • Serial Number: 1239427383
  • Machinery Dimensions: 24.80 x 8.27 x 8.27 in
  • Model: M400 FF
  • Machinery Weight: 19.84 lb
  • Manufacturer Name: Mettler Toledo
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Located in: Singapore, Singapore

We buy Mettler Toledo M400 FF 1239427383 50/60 HERTZ in bulk. Click here to get a free valuation.

Steelhead EUROPA 600 5.29 gal 600 BPM 20 L 400 BPM 600 BPM 200 BPM 7 BAR 400 VOLTS 50 HERTZ | Liquid Filling Lines

  • Machinery Dimensions: 32.81 x 19.69 x 9.84 ft
  • Minimum operating speed: 200 BPM
  • Average operating speed: 400 BPM
  • Current Application (Products, Sizes Run, Shape of Bottle and Style of Cap: 20 L
  • Number of Heads: 3
  • Capacity Speed of Filling Line: 600 BPM
  • Capacity Size of Filling Line: 5.29 gal
  • Model: EUROPA 600
  • Manufacturer Name: Steelhead
  • Type of Filler: GRAVITY
  • Machinery Weight: 11.02 lb
  • Air Requirements: 7 BAR
  • Year: 2000
  • Voltage: 400 VOLTS
  • Max operating speed: 600 BPM
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Middle East

We buy Steelhead EUROPA 600 5.29 gal 600 BPM 20 L 400 BPM 600 BPM 200 BPM 7 BAR 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Oli 210 See description. 6 BAR 230/400 VOLTS 50/60 HERTZ 6 AMPS | Case Packers

  • Machinery Dimensions: 185.43 x 79.92 x 99.61 in
  • Case Size or Range: 110 x 52 x 85 mm, 87 x 113 x 107 mm or 87 x 113 x 159 mm.
  • Product Sizing: See description.
  • Model: 210
  • Manufacturer Name: Oli
  • Type of Packer: PICK & PLACE
  • Type of Case: OTHER
  • Case Sealing: HOT MELT GLUE
  • Voltage: 230/400 VOLTS
  • Machinery Weight: 3306.90 lb
  • Air Requirements: 6 BAR
  • Current: 6 AMPS
  • Year: 2006
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Frequency: 50/60 HERTZ
  • Phase: 3
  • Located in: Europe

We buy Oli 210 See description. 6 BAR 230/400 VOLTS 50/60 HERTZ 6 AMPS in bulk. Click here to get a free valuation.

AMAT P-5000W | Chemical Vapor Deposition

  • Model: P-5000W
  • Machinery Dimensions: 96 x 48 x 72 IN
  • Manufacturer Name: AMAT
  • Year: 1996
  • Machinery Weight: 5000 Pounds
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy AMAT P-5000W in bulk. Click here to get a free valuation.

Xcellerex XDM-Q-1000-S 30346-26 264.26 gal | Mixers

  • Serial Number: 30346-26
  • Model: XDM-Q-1000-S
  • Machinery Dimensions: 59.06 x 47.24 x 59.06 in
  • Manufacturer Name: Xcellerex
  • Capacity Size: 264.26 gal
  • Machinery Weight: 374.78 lb
  • Located in: Switzerland

We buy Xcellerex XDM-Q-1000-S 30346-26 264.26 gal in bulk. Click here to get a free valuation.

A and B Process Systems 1502410701 | Carts

  • Machinery Weight: 130 LBS
  • Machinery Dimensions: 45 x 29 x 50 IN
  • Recommended Packaging Form: PALLET
  • Serial Number: 1502410701
  • Manufacturer Name: A and B Process Systems
  • Located in: MA, USA

We buy A and B Process Systems 1502410701 in bulk. Click here to get a free valuation.

Mettler Toledo DP600S 32301011 1322.76 lb 8.82 lb 110-240 VOLTS 50/60 HERTZ | Scales

  • Machinery Dimensions: 33.07 x 51.18 x 3.15 in
  • Degree of Precision: 8.82 lb
  • Capacity Size: 1322.76 lb
  • Model: DP600S
  • Serial Number: 32301011
  • Voltage: 110-240 VOLTS
  • Manufacturer Name: Mettler Toledo
  • Machinery Weight: 132.28 lb
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: Switzerland

We buy Mettler Toledo DP600S 32301011 1322.76 lb 8.82 lb 110-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

Fisher Scientific 650D 903N0058 120 VOLTS 50/60 HERTZ 7.7 AMPS | Incubators

  • Machinery Weight: 149 LBS
  • Machinery Dimensions: 27 x 26 x 40 IN
  • Current: 7.7 AMPS
  • Capacity Size: 5.0 CU FT
  • Model: 650D
  • Serial Number: 903N0058
  • Manufacturer Name: Fisher Scientific
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Voltage: 120 VOLTS
  • Recommended Packaging Form: PALLET
  • Located in: CA, USA

We buy Fisher Scientific 650D 903N0058 120 VOLTS 50/60 HERTZ 7.7 AMPS in bulk. Click here to get a free valuation.

NFM l45IV 11.89 gal 7.5 KW | Blenders

  • Model: l45IV
  • Machinery Dimensions: 27.17 x 21.65 x 49.21 in
  • Capacity Size: 11.89 gal
  • Manufacturer Name: NFM
  • Current: 7.5 KW
  • Type of Blender: ROTARY
  • Machinery Weight: 220.46 lb
  • CE Marked: YES
  • Located in: Europe

We buy NFM l45IV 11.89 gal 7.5 KW in bulk. Click here to get a free valuation.

AIM Joraco 800H AHS 101304 110 VOLTS | Presses

  • Machinery Dimensions: 20 x 28 x 75 IN
  • Serial Number: 101304
  • Model: 800H AHS
  • Manufacturer Name: AIM Joraco
  • Machinery Weight: 300 LBS
  • Voltage: 110 VOLTS
  • CE Marked: NO
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy AIM Joraco 800H AHS 101304 110 VOLTS in bulk. Click here to get a free valuation.

Bosch Packaging Technology KKE 1500 782827 MS5600 W 1500 CPM 380/400 VOLTS 50 HERTZ | Check Weighers

  • Capacity Speed: 1500 CPM
  • Model: KKE 1500
  • Serial Number: 782827 MS5600 W
  • Machinery Dimensions: 59.06 x 59.06 x 78.74 in
  • Voltage: 380/400 VOLTS
  • Manufacturer Name: Bosch Packaging Technology
  • Machinery Weight: 2204.60 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Year: 1998
  • Phase: 3
  • Located in: Poland

We buy Bosch Packaging Technology KKE 1500 782827 MS5600 W 1500 CPM 380/400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Kemper SPA 150 | Mixers

  • Machinery Dimensions: 55.12 x 55.12 x 62.99 in
  • Model: SPA 150
  • Manufacturer Name: Kemper
  • Machinery Weight: 771.61 lb
  • Type of mixer: INTENSIVE
  • Located in: Europe

We buy Kemper SPA 150 in bulk. Click here to get a free valuation.

VideoJet 43S ZH080230038 110-230 VOLTS 50/60 HERTZ 0.8 AMPS INK JET | Printing or Code Markers

  • Serial Number: ZH080230038
  • Machinery Dimensions: 18 x 12 x 24 IN
  • Model: 43S
  • Manufacturer Name: VideoJet
  • Current: 0.8 AMPS
  • Voltage: 110-230 VOLTS
  • Machinery Weight: 150 LBS
  • Method of Code Dater: INK JET
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: MA, USA

We buy VideoJet 43S ZH080230038 110-230 VOLTS 50/60 HERTZ 0.8 AMPS INK JET in bulk. Click here to get a free valuation.

IMA Zanchetta 264.26 gal STAINLESS STEEL 47.24 in 55.12 in 55.12 in | Tanks

  • Machinery Dimensions: 47.24 x 47.24 x 55.12 in
  • Overall Height: 55.12 in
  • Inside Diameter: 47.24 in
  • Manufacturer Name: IMA Zanchetta
  • Straight Side: 55.12 in
  • Grade of Stainless Steel: 316
  • Capacity of Tank: 264.26 gal
  • Installation Type: LEGS
  • Tank Material of Construction: STAINLESS STEEL
  • Machinery Weight: 881.84 lb
  • Agitation: NO
  • Jacketed: NO
  • Located in: Europe

We buy IMA Zanchetta 264.26 gal STAINLESS STEEL 47.24 in 55.12 in 55.12 in in bulk. Click here to get a free valuation.

Ranco A-105N, H1184F | Plumbing Parts

  • Model: A-105N, H1184F
  • Machinery Dimensions: 1 x 3 x 1 IN
  • Manufacturer Name: Ranco
  • Machinery Weight: 20 LBS
  • Year: 2009
  • Located in: North America

We buy Ranco A-105N, H1184F in bulk. Click here to get a free valuation.

Busch NP0250.ALL6.000B U081602535 | Miscellaneous

  • Serial Number: U081602535
  • Model: NP0250.ALL6.000B
  • Machinery Weight: 900 LBS
  • Machinery Dimensions: 68 x 36 x 66 IN
  • Manufacturer Name: Busch
  • Located in: Skull Valley, UT, USA

We buy Busch NP0250.ALL6.000B U081602535 in bulk. Click here to get a free valuation.

Urania Engineering 3500 P 1108048435 110-120 VOLTS 50/60 HERTZ 10 AMPS | Induction Sealers

  • Serial Number: 1108048435
  • Machinery Dimensions: 31 x 56 x 65 IN
  • Model: 3500 P
  • Voltage: 110-120 VOLTS
  • Manufacturer Name: Urania Engineering
  • Current: 10 AMPS
  • Machinery Weight: 300 LBS
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: FL, USA

We buy Urania Engineering 3500 P 1108048435 110-120 VOLTS 50/60 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

Fluke 2640A/41A 8605012/M8602029 | Miscellaneous

  • Machinery Dimensions: 17 x 9 x 4 IN
  • Model: 2640A/41A
  • Serial Number: 8605012/M8602029
  • Manufacturer Name: Fluke
  • Machinery Weight: 8 LBS
  • Recommended Packaging Form: 19C (22X15X13)
  • Located in: San Jose, CA, USA

We buy Fluke 2640A/41A 8605012/M8602029 in bulk. Click here to get a free valuation.

IMA C2000 400 VOLTS 50 HERTZ 25 teabags 450 BPM | Tea Bagging Machines

  • Machinery Dimensions: 157.48 x 55.12 x 78.74 in
  • Product Sizing: 60 X 40
  • Capacity Speed: 450 BPM
  • Capacity Details: 25 teabags
  • Model: C2000
  • Machinery Weight: 7716.10 lb
  • Manufacturer Name: IMA
  • Year: 2010
  • Voltage: 400 VOLTS
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Located in: Belgium

We buy IMA C2000 400 VOLTS 50 HERTZ 25 teabags 450 BPM in bulk. Click here to get a free valuation.

Agilent Technologies L4437A MY46100203 | Miscellaneous

  • Machinery Dimensions: 19 x 9 x 2 IN
  • Model: L4437A
  • Serial Number: MY46100203
  • Machinery Weight: 11 LBS
  • Recommended Packaging Form: 19C (22X15X13)
  • Manufacturer Name: Agilent Technologies
  • CE Marked: YES
  • Located in: San Jose, CA, USA

We buy Agilent Technologies L4437A MY46100203 in bulk. Click here to get a free valuation.

Tekmar Dohrmann 5973N | Mass Spectrometers

  • Model: 5973N
  • Manufacturer Name: Tekmar Dohrmann
  • Located in: North America

We buy Tekmar Dohrmann 5973N in bulk. Click here to get a free valuation.

Meurer CSB 40 400/238 VOLTS 9 KW | Overwrappers

  • Machinery Dimensions: 137.80 x 78.74 x 78.74 in
  • Voltage: 400/238 VOLTS
  • Model: CSB 40
  • Manufacturer Name: Meurer
  • Current: 9 KW
  • Year: 1997
  • Machinery Weight: 3306.90 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Meurer CSB 40 400/238 VOLTS 9 KW in bulk. Click here to get a free valuation.

Hanyang HY-AWS-500 | Wet Process

  • Machinery Dimensions: 98 x 86 x 84 IN
  • Model: HY-AWS-500
  • Manufacturer Name: Hanyang
  • Machinery Weight: 3500 LBS
  • Year: 1996
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy Hanyang HY-AWS-500 in bulk. Click here to get a free valuation.