Hilco Industrial to Manage MRL Industries Asset Sale

NORTHBROOK, Ill., Oct. 26, 2017 /PRNewswire/ -- Hilco Industrial announced today that they will be managing the sale of machinery and equipment belonging to MRL Industries. Since 1962, MRL Industries has been a supplier of custom fabrications and assemblies, as well as protective enclosures used in critical applications throughout the world. The company operates from a 40,000 square foot facility located in Itasca, Illinois and conforms to ISO 9001:2008 facility and manufacturing established guidelines, as well as military and defense quality requirements.

MRL served many diverse and demanding markets for the aerospace, aviation, medical, commercial and industrial, as well as the military/defense markets and alternative energy markets of wind power and fuel cells. Their customers designed and built systems for commercial and military aircraft, space stations and satellites, military weapons and vehicles, medical and lab equipment, food and industrial products and many other markets.

This sale offers metal fabricators and machine shops the opportunity to purchase quality machinery that was used primarily to produce precision components and assemblies for the defense and aerospace industries.

Featured assets for sale include:

LVD Strippit M-1225 CNC turret punch; Finn-Power 140-ton, 8-Axis CNC press brake; hardware insertion presses; 200-ton Pacific hydraulic gap frame press; OBI presses; (2) Cincinnati Hydroform presses; welders; Mazak VTC-20B CNC vertical machining center; machine tools; quality assurance & inspection equipment; part finishing equipment; and plant support equipment.

This sale will be a timed online auction hosted on Hilcobid. The auction will open on November 2^nd and first lots will begin closing at 10 AM CT on November 8^th.

Assets can be viewed on November 7^th from 8 AM – 3 PM CT at 690 Hilltop Drive, Itasca, Illinois.

To arrange an inspection, access detailed information and photos of the assets, or specific information about the timed online bidding process, visit https://www.hilcoind.com/sale/MRL-Industries/featured or contact:

John Magnuson, COO - [email protected] +1 847-927-2129

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.

SOURCE Hilco Industrial

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