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Hilco Industrial to Auction Late-Model, High-Precision CNC Machining & Fabricating Equipment from the Technetics Group

Oct 4, 2018, 10:39 AM by Jacob Cohen

Northbrook, IL, October 1, 2018 – Hilco Industrial, in partnership with Machinery Network Auctions and Resell CNC, have announced today that its joint venture group will conduct a live onsite and webcast auction on October 9 (10:00 am ET) of late-model, high-precision CNC machining and fabricating equipment.

The featured machining equipment includes Mazak & Haas CNC horizontal & vertical machining centers – as new as 2016, a Mazak Integrex CNC mill/turn center, and a CNC bridge mill. The metal fabrication equipment features Trumpf fiber and 5-axis lasers, a Trumpf turret punch, a 350-ton hydraulic 4-post press, a Grotnes ring expander, (2) waterjet cutters, and a Trumpf 6-axis press brake. The facility also has machine tools, coordinate measuring machines, robotic welding cells and a large quantity of welding equipment.                               

Support equipment from the facility will be sold at a second Online Only Auction (October 4 - 11) and includes tool holders, tool chests, perishable tooling, accessories, vises, hand tools, grinders, storage cabinets, material handling and more.

The live and webcast auction will be held at 10 Old Webster Road, Oxford, Massachusetts. The equipment can be inspected on Monday, October 8 between 8 am and 4 pm ET. Complete details about the auctions and lot catalogs of the equipment are available at https://www.hilcoind.com/sale/technetics.

Contact Mark Reynolds at mreynolds@hilcoglobal.com or +1 205.403.5942 for more information on the machinery & equipment and the sales process.

Through the combination of seven of the world’s best-known sealing and critical component design and manufacturing businesses comes Technetics Group. Technetics Group Oxford, which was known as Fabrico Inc., when it was acquired in 2014, manufactured components for the combustion, fuel nozzle and hot path sections of industrial gas and steam turbines. The parent company has decided to close the Oxford, MA, facility.

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

 Resell CNC is proud to be the leading dealer in today’s global market for used CNC machinery, which is managed by individuals with over 125 years’ combined experience in buying and selling used manufacturing equipment. Resell CNC also provides a timed online auction platform to buy and sell surplus equipment effortlessly. www.resellcnc.com 

 Machinery Network Auctions is a well-capitalized industrial asset management company offering auction, liquidation and valuation services. MNA also offers short-term commercial bridge loans, turnkey manufacturing sales, commercial real estate investments and other creative financial solutions to distressed companies of all sizes in most major market segments. www.machinerynetworkauctions.com

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