Maynards To Auction Surplus Assets of Major Industrial Gear Manufacturer

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Plans are gearing up for an auction of surplus assets from Abundant Manufacturing, Inc. (AMI) and RP Machine Enterprises, Inc. This top-quality selection of gear equipment will be hitting the auction block on Wednesday, April 27, 2016. For more than a decade, AMI has been supplying innovative gearing solutions for the automotive, mining, agricultural, and forestry industries. News of this liquidation was recently announced by Maynards, an industry leader in global asset auctions, liquidations, and asset valuation appraisal services since 1902, who, in conjunction with Biditup Auctions Worldwide, is conducting the webcast-only auction.

The auction inventory features an array of gear hobbers, gear shapers, thread grinders, chamfers, cutter sharpeners, surface grinders, gear shavers, hones, tooling, cutters, and other related equipment and machine spare parts from well-known brands such as Gleason Maag, GE, Barber Colman, Mitsubishi, Fellows, Mikron, Samputensili, Reishauer, Lees Bradner, and Hurth. For more information about these assets, contact Taso Sofikitis, the president of Maynards, at Taso@maynards.com.

The webcast-only auction begins at 10:00 a.m. EDT on Wednesday, April 27. Inspection will be open to the public at 860 Connor Street and 820 Cochran Street in Statesville, North Carolina, on Tuesday, April 26, from 9:00 a.m. to 4:00 p.m. EDT or by appointment.

“When a webcast auction with assets of this quality from a company such as AMI arises, it presents a wonderful opportunity to our customers regionally as well as buyers across the country,” Sofikitis said. “This sale is a big event as it presents a rare chance for anyone in the gear manufacturing industry to significantly and economically enhance, upgrade, or update their own facilities. The sale is open to manufacturers, dealers, and the public.”

Maynards manages asset auctions and asset valuation projects valued up to half a billion dollars from eight permanent offices in Canada, the United States, 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, Maynards return maximum value to its clients by combining traditional sales methods with innovative integrated marketing strategies. It is able to handle all aspects of asset auctions and sale transactions from consignment and transportation logistics.

Biditup is a global leader in asset conversion and provides auction, real estate, and appraisal services to a comprehensive array of markets. Its services feature on-site auctions, live BidCast webcast auctions in real time, and online auctions. It sells individual or aggregated assets across the globe, 24 hours a day, seven days a week and prides itself on matching buyers and sellers to maximize value. Biditup is recognized as one of the world's leaders in the auction industry.

For more information, go to www.maynards.com