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Hilco Industrial sets May 13, 2014 auction date for sale of assets at the SPARA Group's Metal Fabrication facility

Hilco Global

NORTHBROOK, Ill., May 5, 2014 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com) announced today that it will run a webcast and onsite auction for the sale of the assets at the Holly, Michigan fabrication facility of Spara Tactical, part of the Spara Group (www.sparagroup.com ). The auction will include a unique armor plated SWAT tactical vehicle, an emergency responder fire & rescue vehicle as well as heavy plate fabricating, tube bending & cutting, CNC, tool room, rolling stock & support machinery used to manufacture these vehicles.

Spara Tactical is one of 12 companies that make up the Lexington, KY based Spara Group, and one of only seven fabrication and assembly facilities. Spara Tactical fabricates complete armored vehicles as well as extensive heavy plate fabrication equipment.

A partial list of the variety of machinery being offered at the auction includes:

  • GPV Marshall Armor Plated 6x6x6 Swat Tactical Vehicle
  • GPV First Responder 6x6x6 Fire/Rescue Truck
  • Koike 4,000-Watt CNC Laser (New 2002)
  • Roundo PASC-360 10' x 5/8" - 1" Plate Bending Roll (New 2002)
  • Webb 8' x 3/8" Plate Bending Roll
  • Trumpf Truma Bend V-130 144-Ton CNC Press Brake (New 2002)
  • Cincinnati CB-135, 135-Ton CNC Press Brake
  • Allsteel/Piranha 250 Ton Hydraulic Press Brake
  • Piranha 12' x 3/8" Hydraulic Squaring Shear
  • Trumpf Tru-Laser 2,700-Watt CNC Tube Laser (New 2007)
  • Eagle EPT100-XPE, 4" CNC Tube Bender
  • Fadal #4020 3-Axis CNC Vertical Machining Center
  • Aida NC1-80, 88-Ton Gap Frame Press
  • Faro CMM Arms
  • Bridge Cranes to 10 Ton Capacity
  • Forklifts to 10,000 Lb. Capacity
  • Air Compressors & Dryers
  • Flatbed Truck, Pick Up Truck & Cargo Van
  • Miller & Lincoln Welders
  • Tool Room

Interested parties may bid in person at 714 N. Saginaw Street in Holly, MI or participate remotely via webcast. The auction will begin at 10:00 AM ET on Tuesday, May 13, 2014. More information about all of the assets being offered at auction, registration, and the complete auction catalog can be found at http://www.hilcoind.com.

About Spara: Spara is a group of manufacturing companies with operating entities that design, manufacture and supply components for the global aerospace, energy, military/defense, and transportation industries. Spara's highly diversified companies specialize in forging, casting, and molding of various types of ferrous and non-ferrous metals, and plastic. With a broad customer base and 15 manufacturing and distributing facilities, Spara is a market leader in niche manufacturing sectors. With headquarters in Lexington, Kentucky, Spara focuses strategically on identifying operations with state-of-the-art engineering capabilities that manufacture niche products with limited competition

About Hilco Industrial

Hilco Industrial LLC (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. Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. It also provides asset disposition services on a fee or commission basis. Hilco Industrial is part of Hilco Global (www.hilcoglobal.com ), the world's leading authority on helping companies maximize the value of their assets delivering a complete suite of asset valuation, monetization and advisory services.

CONTACT: Gary C. Epstein Chief Marketing Officer Hilco Global gepstein@hilcoglobal.com

Source: Hilco Global