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Hilco Industrial Slates Auction of Former G.M. Willow Run Transmission Plant for May 17th.

FARMINGTON HILLS, Mich. -- Hilco Industrial, LLC, the machinery and equipment auction/disposition unit of Hilco Trading, LLC, in partnership with Maynards Industries, will auction the assets of Racer Trust, formerly known as the General Motors Willow Run Transmission Plant in Ypsilanti, Michigan. The plant includes more than 6 million square feet of state-of-the-art machinery and equipment.

In total, more than 7,000 lots encompassing over 2,000 machines will be auctioned, including late model CNC machining and turning centers, CNC broaching and hobbing machines, CNC gear grinders, robots, other fabrication machinery and a broad array of tooling and inspection equipment.

Robert Levy, a partner with Hilco Industrial, and Taso Sofikits, President of Maynards, said in a joint statement, "A recent rebound in demand for late-model used automotive production-related machinery and equipment, combined with the international reach of Hilco and Maynards through simultaneous onsite/webcast auctions, should make this a very active sale. We look forward to achieving strong results."

About Hilco Industrial, LLC

Hilco Industrial provides industrial asset disposition services, specializing in selling machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies through on-site, online and combination "webcast" auction sale events as well as negotiated (private treaty) sales. Hilco Industrial is headquartered in Farmington Hills, Michigan, and maintains offices in key cities in North America and the United Kingdom. It is a unit of Hilco Trading, LLC, an international leader in asset valuation, acquisition, disposition and advisory services.

About Maynards Industries, Inc.

After more than a century in business, Maynards Industries, Inc. has become one of North America's preeminent auction, liquidation and appraisal companies. Annually, Maynards completes approximately 150 asset recovery projects, sending industry professionals to virtually every US State and Canadian Province to recover maximum value for Global 1000 clients. Maynards Industries has unmatched expertise in the automotive, forestry, mining and metal working industries. Maynards has offices throughout North America, Europe, China and Japan; Maynards Industries, is a international leader in offering asset disposition and appraisal services on every industrialized continent.
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Publication:Business Wire
Geographic Code:1U3MI
Date:May 16, 2011
Words:394
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