SOLON, Ohio (May 23, 2007) – More than 150 registered bidders participated – nearly 100 in person and about 60 online -- in an auction held May 22 by StopolAuctions L.L.C. to sell plastics manufacturing equipment from discontinuing injection molding operations at Blackhawk Automotive Plastics, Co.’s Upper Sandusky, Ohio, plant
Solon, Ohio-based Stopol Auctions is the leader in hosting and managing plastics industry auctions.
Held at Blackhawk’s Upper Sandusky plant, the auction featured more than 15 injection molding machines from some of the top brands in plastics processing, including Cincinnati Milacron, Mitsubishi, MIR, HPM, Reed and Van Dorn. The event – which was web cast on www.stopol.com , so that bidders from all over the world could participate using their PCs -- also included an array of toolroom and office equipment and accessories. Total proceeds from the auction were not disclosed.
Blackhawk is closing the Upper Sandusky plant to streamline its operations. The facility primarily was involved in manufacturing complex injection molded components and assemblies for the automotive industry.
“When a larger corporation consolidates operations, it gives the small and medium-sized companies a chance to acquire highly desired production equipment at cost-effective prices,” said Stopol CEO Neil Kruschke Jr. “By acquiring this production equipment, these smaller entities can increase both their technological capabilities and their production capacity. This effectively helps them capture more marketshare.”
About Stopol, Inc.
Headquartered in Solon, Ohio, Stopol is the plastics industry leader in providing solutions for processors’ production needs through its five lines of business -- Equipment Sales, Auctions, Liquidations, Appraisals and Business Services (merger and acquisition consulting). With the industry’s largest diverse inventory of equipment, Stopol allows manufacturers to add capacity and capabilities quickly and cost effectively. As the industry’s premier provider of auction and liquidation services, Stopol further enhanced its reputation as an industry innovator in 2004 when it created StopolAuctions L.L.C. and launched an interactive auction Web portal that allows a global audience to buy and sell new and used plastics equipment and other assets using their PCs. In addition, monthly contact with 30,000 customers and 17 years of purchasing data provide Stopol with unparalleled market intelligence that we leverage to our customers’ advantage.
About Blackhawk Automotive Plastics, Inc.
For over 30 years, Salem, Ohio-based Blackhawk has been supplying OEMs and Tier I suppliers in the automotive industry. Blackhawk is a full-service injection molder producing highly engineered complex components, assemblies and sub-systems made across an extremely broad range of press tonnages. Blackhawk customers get one-stop shopping for most production requirements for both large and small sub-assemblies. Additionally, we have a broad range of finishing capabilities—interior and exterior paint, in-mold appliqué and decorating, assembly, and vacuum metalizing