Stopol Auction At Hoover Plant
SOLON, Ohio (November 15, 2007) – More than 1,000 registered bidders participated – over 729 in person and more than 306 online -- in an auction held November 13-15 by StopolAuctions L.L.C. to sell plastics manufacturing equipment from the former Hoover plant in North Canton, Ohio.
Solon, Ohio-based Stopol Auctions is the leader in hosting and managing plastics industry auctions.
Stopol Auctions held the three-day event at the former Hoover plant, which is now owned by TTI Floor Care North America. The auction featured more than 70 injection molding machines from some of the top brands in plastics processing, including Cincinnati Milacron, 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 a variety of auxiliary equipment, several fork trucks, robots, mills, lathes, and an array of tools, accessories and office equipment.
Total proceeds from the auction were not disclosed.
“We billed this as the largest plastics auction of the year, and the number of people that placed bids – both in person and online – surely backs up that claim,” said Stopol CEO Neil E. Kruschke, Jr. “When a larger corporate entity consolidates operations, it gives the small and medium-sized companies a chance to acquire highly desired equipment at cost-effective prices. It also helps them capture more marketshare. I think that is the primary reason why we attracted a record number of bidders.”