Hilco Industrial to Conduct 4-Day Sale of Manufacturing Equipment for Joy Global

Sep 06, 2016

Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, announced the sale of the assets of the Franklin, Pennsylvania facility of Joy Global. This sale is offered in partnership with Perfection Industrial Sales and will be conducted via a two-day webcast on the Hilcobid auction platform in October along with a two-day Hilcobid online auction.

Over 3000 lots will be available featuring  CNC horizontal boring mills, CNC horizontal & vertical machining centers, CNC vertical turning centers, CNC vertical turret lathes, CNC plasma cutting systems, welders, welding positioners, , shot blasts, paint booths, machine tools, cranes, forklifts, material handling, and 1000s of miscellaneous pieces of support equipment.

The 500,000-sq. ft. heavy manufacturing facility is also available for sale on a negotiated basis.

Joy Global is a leading manufacturer and marketer of mining equipment and services and  has served and supported the energy mining, industrial mining, and hard rock mining industries since its founding.

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

  • John Magnuson -- Hilco Industrial, jmagnuson@hilcoglobal.com +1 847.504.3204
  • Mark Reynolds – Hilco Industrial, mreynolds@hilcoglobal.com +1 205.595.5999
  • Brent Bonham – Hilco Industrial, bbonham@hilcoglobal.com +1 616.328.6890

A donation to Hilco Industrial’s charitable organization HilcoHelps will be made from the proceeds of this sale. To learn more about HilcoHelps, please visit www.hilcoind.com/hilcohelps.

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 Joy Global: Since its founding, Joy Global has been a leading manufacturer and marketer of mining equipment and services. Joy Global has served and supported the energy mining, industrial mining, and hard rock mining industries.