Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home News

Hilco Global, MNA and PPL Group Host Automotive Injection Molding Facility Auction

byIan Koplin
May 16, 2022
in News

An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on June 2, 2022 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019. The auction was originally scheduled for May 12 but has been moved to the new date.

“This is an unprecedented opportunity for the right buyer or buyers to obtain late model injection molding equipment, and chrome plating equipment including stainless steel tanks, rectifiers, programmable hoists, filters and a huge quantity of copper and nickel scrap metal,” Sam Suchowiecky of Hilco Global Mexico, said. The auction will be conducted jointly by Hilco Global Mexico, Machinery Network Auctions and PPL Group.

“COVID-19 supply chain disruptions have created this opportunity at the exact time when global automotive companies are looking for ways to shorten the supply chain from Asia to North America,” Gary Treisman of Machinery Network Auctions, said.  “This particular plant was a victim of timing as they recently purchased millions of dollars of new manufacturing equipment just before the economy shut down.”

The auction includes twelve Toshiba and Haitian single and dual shot injection molding machines from 240 ton machines up to 1430 tons and as late as 2019, with robotics and a huge assortment of support equipment. In addition, there is a complete chrome plating system with water treatment equipment and more than 20 tons of copper and 20 tons of nickel.  The facility was set up at a cost of more than $20 million in 2017.

“It’s exciting to see equipment this new available at auction,” Treisman said. “With supply chains disrupted and lead times extending many months for new equipment, this is an opportunity for manufacturers to acquire equipment today.”

There are rigging and transportation companies on-site who can provide quotes to dismantle and deliver various pieces of equipment throughout North America.

All of the injection molding, chrome plating, drying, testing and other equipment will be auctioned at a webcast auction on Thursday, May 12 at 10:00 am local time. Equipment including components of the chrome plating line may be available to be sold before the auction.

Previous Post

KeyBank and Beach Point Launch Middle-Market Direct Lending Program

Next Post

Prosperity Bank Provides $100MM Debt Capital to RealManage

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
News

Andalusian Credit and Carlyle Launch $60MM Joint Venture Targeting Middle Market Assets

March 27, 2026
Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
News

Clements to Join U.S. Bancorp as Senior EVP & Chief Operations Officer

March 27, 2026
News

BRG Launches AI Practice, Adds Senior Talent

March 27, 2026
News

Callodine Adds Entertainment and Aviation Credit Strategies to Fund

March 27, 2026
Deal Announcements

Cipher Digital Secures Data Center Lease and $200MM Credit Facility

March 27, 2026
Equify Financial Bolsters Leadership with Three Industry Veterans
News

Gordon Brothers Expands Broyhill Through New Licensing Deals

March 27, 2026
Next Post

Prosperity Bank Provides $100MM Debt Capital to RealManage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Eve Melvan | 2025 Trailblazer

Machine Intelligence Meets Middle Market Lending: The Quiet Transformation of Credit Underwriting

March 13, 2026

The Clean Slate: Mastering Article 9 Restructuring

March 27, 2026

The Dividend Recap Surge: What Record Sponsor Payouts Reveal About the Exit Impasse

March 26, 2026

A Workout Without the Mess: When is Article 9 Restructuring the Right Path?

March 19, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years