Daily News: March 12, 2014

Heritage Global, Perfection Industrial to Manage GE Auction

Heritage Global Partners (HGP) announced that it is teaming with Perfection Industrial Sales to oversee the March 26, 2014, sale of former assets of General Electric at its GE Energy Management Division Plant in Mankato, MN. BidSpotter is conducting the webcast bidding process.

Highlights/key Assets of the live webcast sale, include: a 1984 Niagara BP2-600-120-48 Straightside Press, a Rowe 30” x .150” x 10,000-pound Servo coil feed line, a 1998 Rowe 30” x .070” x 10,000-pound cut-to-length line, a 1992 Cincinnati 90FMIIX8 CNC Press Brake, two 1991 standard BV150 hydraulic presses, and four Murata and Wiedemann Turret Presses plus a large quantity of tooling.

Also featured will be paints systems, including E-COAT LINE w/ Stainless Steel Dip Tank, five Stage Stainless Steel Wash, 2003 Bake & Dry Off Ovens, NORDSON Powder Coat Small Batch Booth, 2012 ITW GEMA Powder Coat Gun and a 2012 WISCONSIN 500-degree burnoff oven

The webcast bidding starts March 26, 2014, at 10 a.m. (CT). The on-site plant preview will be held March 25, 2014, 9 a.m. to 4 p.m. (CT) at 58155 240th Street, Mankato, MN 56001.

“Our upcoming live webcast auction includes a tremendous variety of surplus industrial assets from GE’s Mankato, MN, energy management division plant. More than 1,000 items from the facility are being sold, including OBI & OBG presses, machine tools, inspection equipment, freestanding and GORBEL Crane Systems, and much more. We expect many bidders from different industries and all parts of the world to join us for this unique live webcast auction on March 26,” stated Brandon Smith, Heritage Global partners director of sales.

To learn more, GE Energy Management Division Plant Closure Webcast Auction Sale