Torpedo Machining was a subcontract machining shop of medium to larger heavy duty pieces for the aerospace and windturbine business. Their largest machine was capable of turning 7 meter diameter workpieces.
TYPE OF SALE :
– Private Treaty Sales- Online Auction
Medium and large CNC Machine Tools;CNC Vert. Turning Lathes, CNC Horiz, Boring Mills, CNC Vert. Bedtype Milling Machines andCNC Lathes.
Upon the acquisition of Torpedo Machining, the new owner decided to cease the subcontract work and focus on the other activities of the company; Hilco purchased all Machinery & Equipment with upfront payment.
In the auction we sold all smaller machines, but the major machines were sold by private negotiations to buyers from the Netherlands, Spain, Italy, UK and the Middle East.
It took us longer than expected to sell the major machines, but we finished removing all equipment well before the agreed deadline. The vacant bays can be used for other activities.