Maynards To Auction Assets of Major Commercial Vehicle Systems Manufacturer

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The assets of a major manufacturer of drivetrain, mobility, braking, and aftermarket solutions for commercial vehicles will be auctioned on December 3, 2015. The high-quality assets in this auction are available as a result of the closure of the Meritor facility in Heath, Ohio. Meritor has been supplying innovative products in the commercial truck, trailer, and defense industries for more than 100 years. News of this important liquidation was recently announced by Maynards, an industry leader in global asset auctions, liquidations, and asset valuation appraisal services since 1902. The company will conduct the on-site and webcast auctions in conjunction with Biditup.

The asset inventory features an array of equipment including Gleason CNC cutter grinders, Gleason angular hypoid testers, and Gleason CNC hypoid cutting machines; Liebherr gear hobbers; Kuraki boring mills; Kline spline rollers; and Hyster, Bobcat, and Raymond mobile equipment. The auction assets include Surface RX generators, heat treat equipment and furnaces, shot blast equipment, tool room equipment and tooling, a large amount of tooling, and more. For photos and a complete listing of the assets, review the online auction catalog at www.maynards.com/auctions/industrial/auction-details/meritor.

The sale begins at 10:00 a.m. EST on Thursday, December 3, 2015, at 444 Hebron Road in Heath, Ohio, and will be broadcast live online at www.BidSpotter.com. Inspection will be open to the public at the auction site in Heath on Wednesday, December 2, from 9:00 a.m. to 4:00 p.m. EST, or by appointment.

“When an auction opportunity to buy assets of this quality from a company such as Meritor arises, it presents a wonderful opportunity to our customers regionally as well as buyers across the country,” said Taso Sofikitis, president of Maynards. “This sale is a very big event as it presents a great opportunity for anyone in the industry to significantly enhance, upgrade, or update their facilities.”

The sale is open to manufacturers, dealers, and the public.

For more information about the assets for sale, go to www.maynards.com

 

About Maynards:

Maynards manages asset auctions and asset valuation projects valued up to half a billion dollars from eight permanent offices in Canada, the U.S., Europe, Japan, and China. It provides project management and sales services wherever a client’s assets are located. Maynards auctioneers and appraisers leverage more than 100 years of industry leadership to efficiently match assets for sale with qualified buyers. With more than 100 asset auctions and liquidations per year, the company returns maximum value to its clients by combining traditional sales methods with innovative integrated marketing strategies. Maynards is also able to handle all aspects of asset auctions and sale transactions from consignment and transportation logistics.