Full disk encryption?
These machines were servers, if you enable disk encryption then you have to have a way to get the decryption key onto the box...
Either you store it on the box, which defeats the purpose of encryption... Or you have to enter it in order to boot the box, which makes maintenance and recovering from failures (eg power) more difficult.
Plus, encryption incurs a performance hit, which usually isnt wanted on a production server, and will increase costs.
On the other hand, during normal operation only trusted IT staff will have physical access to these hosts, and those staff usually have administrative privileges anyway so the risk of them taking data directly from the drives is very low.
The problem here is how the assets were disposed of when the company was liquidated.
Also this happens all the time, its just that in most cases those acquiring the hardware either don't care about the data (ie they just wipe and reinstall the drives for their own use), or they do care about the data and don't want to draw attention to their nefarious activities with it.