Daily News: July 3, 2012

LiquiTec Conducts Auction of Aluminum Foundry

The assets of the former Westwood Aluminum Castings foundry hit the auction block June 20, 2012, as previously announced by LiquiTec Industries, Inc., an investment recovery firm that conducted the onsite and webcast auction. The auction, which featured a wide array of industrial machines and equipment, attracted over 100 in-person and online bidders from foundries, other manufacturers and scrap companies in 18 states and three different countries.

“This sale was a much anticipated event as it included a wide variety of sought-after manufacturing assets for those in the foundry business as well as many other manufacturers in allied industries” noted Marc Swirsky, president of LiquiTec. “I believe the positive outcome of this auction is a reflection of the perfect combination of desirable equipment offered at great value, fueled by strong demand. I think these results bode well for any company looking to liquidate similar industrial assets, particularly in today’s economy.”

LiquiTec is a global asset management and disposition firm that helps major corporations maximize return on and return of investment.