NORTHBROOK, ILL., June 6, 2016 (GLOBE NEWSWIRE) — Hilco Canada (www.hilcoind.com), a unit of Hilco Global, announced the completion of equipment sales for G & H Machine Tool Ltd. The sale included late model CNC equipment for welding, machining, assembly & inspection.
The St. Thomas, Ontario based G & H Machine Tool Ltd. retained Hilco Industrial earlier in the year to manage the sale process. Hilco Industrial bought the assets and subsequently completed the sale April 5, 2016.
G & H Machine Tool Ltd. was a made-to-order jigs and fixtures, welding, machining, assembly and inspection facility. The Company made high-quality, close-tolerance, manufactured machine tool and transfer line parts for a variety of customers including Lamb, Excello, Giddings & Lewis, Tri-Way Machine, ATS, and SETCO among others. The list of equipment sold included the following: Zeiss UMM850 Coordinate Measuring Machine; Toyoda Stealth AA1165 VMC; HAAS 3TL-2 Lathe; Fadal 4020HT VMC; (5) TRAK DPM CNC Milling Machines; AGIE Classic 3S EDM; Finetech ZNC45-100 Die Sink EDM; Shop Support Equipment; Rolling Stock & Material Handling and more.
For additional information on future auctions and assets available please visit www.hilcoind.com or contact:
John Magnuson
Hilco Industrial
Email: [email protected]
Telephone: +1 847-504-3204
John Sharpe
Hilco Industrial
Email: [email protected]
Telephone: +1 416-252-1955
Bruce Lyle
Hilco Asset Sales
Email: [email protected]
Telephone: +1 416-252-1955
About Hilco Industrial: Hilco Industrial (www.hilcoind.com) provides industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial buys and sells assets through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial puts capital at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.
Media Contact:
Gary Epstein
EVP-CMO
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: [email protected]