Hilco Industrial to Auction Forging & Machining Equipment from Jorgensen Forge
NORTHBROOK, Ill., Nov. 12, 2018 /PRNewswire/ -- Hilco Industrial, in partnership with Perfection Industrial Sales, has announced today that its joint venture group will conduct two auctions to sell the machinery & equipment of Jorgensen Forge. A live, onsite and webcast auction will be held on December 4 (9:00 am PT) and will feature the major manufacturing equipment. The second sale will be an online only auction of support equipment and will run from December 4 through December 11.
The forging & machining operation features: (4) open die forging presses up to 5000-ton, (2) late-model Glama forging manipulators, a full heat treat facility, ring rolling & expanding, (2) Tacchi large-capacity deep hole boring lathes, (19) large-capacity trepan/hollow boring and engine lathes, vertical boring mills, and horizontal band saws. There is also rolling stock, material handling equipment, heavy-capacity overhead cranes and facility support assets. A large inventory of ingots and billets, as well as electrical wire, transformers and scrap metal are available for purchase through separate privately negotiated sales.
The online auction will feature over 500 lots of support equipment from the facility, including: test and measurement, maintenance shops, woodworking equipment, motors, bearings and spare parts, bridge cranes, and more. This timed, online only auction will open December 4 and close December 11.
Jorgensen Forge was a fully integrated open die forging facility primarily serving the aircraft, aerospace, oil and gas, marine, defense, power generation, nuclear, and general industrial markets. To meet the demands of these various industries, the company offered versatile forging and machining operations, heat treating, and efficient manufacturing processes.
The equipment can be inspected on Monday, December 3, between 8 am and 4 pm PT, or by special appointment at 8531 E Marginal Way S, Seattle, Washington. Complete details about both auctions and lot catalogs of the equipment are available at https://www.hilcoind.com/sale/jorgensen.
Contact Mark Reynolds at [email protected] or +1 205.403.5942 for more information on the machinery and equipment and the sales process.
Hilco Industrial is a Hilco Global Company and the preeminent authority on industrial machinery, equipment and inventory monetization. Through its suite of services, Hilco brings together a global network of sellers—who are looking to transform underutilized machinery, equipment and inventory into capital, and buyers—who are looking to expand their business. www.hilcoind.com
Perfection Industrial Sales, a division of Perfection Global, LLC, specializes in providing global asset management solutions for both small and large companies in a wide variety of industrial sectors. These services are offered through a range of tailored solutions which include Live Webcast and Online Auctions, Negotiated Sales, Surplus Asset Management, Appraisals, Real Estate Acquisition and Sale & Lease Back programs. Perfection has helped clients meet and exceed their used asset goals for over 50 years. www.perfectionindustrial.com
SOURCE Hilco Industrial
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