Manufacturers can acquire useful assets such as CNC lathes and mills, grinding systems, bar feeders, heat treat furnaces and much more in separate online auctions closing on July 15 and July 29. Bidding is now underway in the sales conducted by Tiger Group and Liquid Asset Partners.
“This high-utility equipment will be of strong interest to components manufacturers working in a wide array of sectors, including automotive, appliances, medical, electronics and EV charging systems and battery storage,” John Coelho, senior director at Tiger Commercial & Industrial, said.
“Among many other assets, buyers will find CNC horizontal and vertical machining centers, centerless grinders, one-ton jib cranes, staking presses, multi-spindle automatic lathes and screw machines and thread-rolling and heat-treat machines, all at a significant value,” Chad Warner, managing partner at Liquid Asset Partners, said. “It’s an extraordinary opportunity.”
The more than 2,000 lots of machinery and equipment (M&E) are excess to the ongoing operations of Charlotte, N.C.-based NN, a global diversified industrial company that engineers and manufactures precision components and assemblies. The equipment is stored in El Paso, TX; Wellington, OH; and the Michigan cities of Kentwood and Dowagiac.
Sale No. 1 closes on Tuesday, July 15, at 10:00 a.m. (ET) and features equipment at the Ohio and Michigan locations. Sale No. 2 closes on Tuesday, July 29, at 10:00 a.m. (MT) and features equipment at the Texas location.
