Hilco Industrial, LLC today announced an October 4, 2006 date for the simultaneous on-site and online auction of late model plastic injection molders as well as other machinery and equipment of Solar Corporation. Libertyville, IL based Solar designs and manufactures injection molded decorative plastic parts, used primarily by automotive and home entertainment products manufacturers.
The auction is being conducted due to the wind down of Solar Corporation operations. It will feature 23 plastic injection molding machines from Krauss Maffei, Van Dorn and Cincinnati. Machine capacities are up to 2200 tons and as new as 2004. Other machines include a MAAC Thermoformer, Fanuc CNC Robots (as new as 2004). Also at auction are ancillary support plastics equipment, tool room equipment, rolling stock, warehouse and office equipment, and computers.
Assets may be previewed on Monday, October 2nd and Tuesday, October 3rd from 9 a.m. to 4 p.m. CDT at Solar Corporation's facility in Libertyville, IL. The auction will be conducted on Wednesday October 4th, 2006, beginning at 9 a.m. CDT. Prospective buyers may bid online at www.hilcoind.com or attend in-person. Preview information, equipment site, asset catalog, terms and conditions and online bidding procedures are available at www.hilcoind.com.
Hilco Industrial, LLC helps manufacturers, wholesalers, distributors, and the financial institutions that serve them, to maximize the value of surplus and under-utilized industrial machinery, equipment and inventory. A global leader in industrial asset monetization, Farmington Hills, Michigan-based Hilco Industrial has substantial capital resources available to acquire assets and subsequently sell them at on-site and/or webcast auctions, or through negotiated sales. Hilco Industrial, LLC is a member of The Hilco Organization (www.hilcotrading.com), an internationally-known and respected provider of asset valuations, asset acquisition and disposition services, and specialized debt and equity capital.