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Hilco Industrial to Sell Late Model CNC Machine Tools & Support Equipment

NORTHBROOK, Ill., July 19, 2016 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, announced the sale of the assets of Edmonton, Alberta, Canada based Machine Tech CNC. This sale is offered in partnership with ReSell CNC and will be conducted live, onsite and via webcast on the Hilcobid auction platform.

This sale is highlighted by (17) Mazak CNC turning and milling centers, ranging in age from 2008 – 2014. Many of these machines are equipped with attractive options including programmable steady rests, full C-axis live tooling, and 4th axis rotary tables. This sale also features (8) CNC flatbed lathes with spindle bores to 9" and centers to 160". A wide range of support equipment including bridge cranes, forklifts, air handling equipment, tool holders, perishable tooling, and an assortment of test/measurement equipment is also available.

Machine Tech CNC was an independent small business with over 30 years combined experience in the manufacture of oilfield wellhead equipment, loc screw assemblies and job contracts for production and manufacturing.

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

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 Machine Tech CNC: Since its founding, Machine Tech CNC has been providing quality industrial machinery design, maintenance, and manufacturing. Headquartered in Edmonton, Alberta, the company focused on delivering quality innovative products in the oilfield service industry.

CONTACT: Gary Epstein Executive Vice President - CMO +1 847 418 2712 gepstein@hilcoglobal.com

Source: Hilco Global