HyperAMS Announces Full Plant Liquidations for Two Major Automotive Component Manufacturers – Press Release
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ROLLING MEADOWS, Ill., Sept. 4, 2021 /PRNewswire-PRWeb/ — HYPERAMS, LLC announced two upcoming online auctions for automotive component manufacturers Dura Automotive Systems and Shiloh Industries will take place in September 2021.
The Dura auction, a two-day online event on September 9-10th, is a complete manufacturing facility featuring six Minster presses, from 150 tons to 600 tons, major stamping and roll forming equipment, secondary equipment, and items from the maintenance and tool and die shop of the company’s Moberly, Missouri plant. HYPERAMS previously conducted the two highly successful auctions at Dura’s Milan, Tennessee plant.
“Interested buyers should not miss this auction, which has great selection of stamping presses, OBI presses, roll forming lines, roll formers, riveters, spot welders, and much more at the Moberly plant,” said HYPERAMS Director of Auction Services Burdette Wilber.
In addition, HYPERAMS is conducting a complete facility liquidation of Shiloh Industries’ Roseville, Michigan plant. The plant contains nine late model stamping presses and related feed equipment, all of which are currently under contract for sale pre-auction. The remaining assets, including a CNC vertical machining center, surface grinders, vertical milling machines, milling and drilling machines, radial arm drill, saws, lathe, fabrication equipment, quality control equipment, plant support equipment, and much more, will be sold via online auction on September 29th.
Chief Operating Officer Bob Pabst added, “The extraordinary offering of Minster stamping presses in both the Dura and Shiloh facilities has been very well-received by the market. The interest we’re seeing on these presses is very high, and we anticipate very competitive bidding at both sales.”
HYPERAMS is conducting the online auctions through major industrial auction platform Bidspotter. The Dura auction will be a two-day event September 9-10, 2021. Bidding starts closing each day at 10:00 AM CDT. Inspections will be held September 7 and 8. Bidders who wish to set up an inspection appointment at Dura’s Moberly, Missouri plant should contact Dave at (804) 241-7526. For any questions related to the Dura auction please contact Burdette Wilber at (847) 499-7029 or bwilber@hyperams.com
The Shiloh online auction will be held September 29, 2021, with bidding starting to close at 11:00 AM EDT. Inspections will be held September 28 from 9:00 AM to 4:00 PM EDT. For any questions related to the Dura auction please contact Jake Josko at (312) 841-9600 or jjosko@hyperams.com
Both sales are being conducted in conjunction with National Machinery Exchange.
For more details on other upcoming auctions, please visit http://www.HYPERAMS.com. If you are interested in discussing our auction and liquidation solutions, please contact Senior Vice President Gene Arenson at garenson@hyperams.com.
About HYPERAMS, LLC
HYPERAMS is a full-service auction, appraisal, retail liquidation, and reverse logistics firm. We specialize in assisting both distressed and healthy companies manage surplus assets by providing a complete asset disposition strategy. The Asset Disposition division focuses on investing in and monetizing assets through orderly liquidations and live and webcast auctions. The Appraisal division provides valuations of machinery & equipment and inventory in all industry verticals. HYPERAMS has performed thousands of appraisals, auctions, and store closings on behalf of financial institutions, restructuring professionals, private equity firms, and business owners. Our reputation is our best asset.
Media Contact
Bethany Lennon, HYPERAMS, 2074064294, blennon@hyperams.com
SOURCE HYPERAMS
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