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Hilco Industrial Announces Successful HilcoBid Auction for General Products Corporation

Dec 6, 2016, 10:55 AM by Amelia Thorne

Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, has announced the successful sale of assets for General Products Corporation. The HilcoBid online auction, which closed on October 25th, was held in partnership with Resell CNC.

This sale featured (4) Mazak & Makino flexible manufacturing systems – including more than 30 horizontal machining centers, Mori-Seiki turning centers, Mazak vertical machining centers, Brown & Sharpe CMMs, and much more.

General Products Corporation provided precision machined components to the auto and light truck industry and for general industrial use for nearly sixteen years.

For additional information on the auction or assets sold, please visit www.hilcoind.com, or contact:

- John Magnuson - Hilco Industrial, jmagnuson@hilcoglobal.com +1 847.504.3204

About Hilco Industrial: Hilco Industrial (www.hilcoind.com) provides industrial asset 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 performs dispositions 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 has capital to put 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 twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, consulting and strategic capital investments.

About General Products Corporation: Founded in Russellville, KY in 2000, General Products Corporation specialized in providing precision machined components, accessories and assemblies, including chassis, cylinder heads, and pistons for light and heavy-duty vehicles.

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