SOLON, Ohio (May 1, 2005) – Nearly 150 registered bidders recently participated – both in person and online -- in an auction held by Stopol, Inc. to purchase plastics manufacturing equipment from discontinued operations of Fontana, Calif.-based Allied Mold & Die Corp.
Solon, Ohio-based Stopol, a leader in arranging the acquisition and sale of production equipment and machinery, businesses, divisions, product lines, and manufacturing licenses in the plastics industry, organized and managed the event.
Held March 30, the event drew about 100 buyers from plastics manufacturing operations on the West Coast and about 50 online bidders from all over the world. The auction featured a variety of injection molding equipment from the recently closed facility, including more than 20 late-model 24- to 350-ton injection molding machines and related accessories. Proceeds from the auction were not disclosed.
Stopol conducted the live auction at Allied’s 22,000-sq.-ft. Fontana facility and webcast the event on
www.stopolauctions.com so that bidders from all over the world could participate in the event by using their PCs.
Allied, which manufactured a variety of molded products, recently halted production. As a result of this change, Allied consulted with Stopol to help it divest the machinery at its plant through an auction, according to Manuela DeOlizeira, former Allied operations manager.
“You really don’t know how pleased we are with the job Stopol did and the overall results of the auction,” DeOliveira said. “Everything was so well organized and ran so smoothly. But ultimately, the bottom line is results, and Stopol definitely exceeded our expectations.”
“Pleasing the client is really what Stopol is all about,” said Stopol CEO Neil Kruschke Jr. “When an auction is this successful, everybody wins. The client is happy with the outcome; the buyers are pleased with the value they receive in acquiring quality equipment at cost-effective prices; and Stopol benefits from word-of-mouth advertising.”
www.StopolAuctions.com Webcasts offer a truly unique, interactive function -- two-way audio communication that enables bidders to not only hear the auctioneer but speak to him directly in real time, as well. If an attendee is participating using their PC and they have a question or require clarification, they can address the auctioneer in real time by using their PC’s microphone. Few, if any, online auction sites offer this cutting-edge and highly efficient function.
On November 23, 2004, Stopol launched www.stopolauctions.com, an interactive, online marketplace that allows members to buy and sell new and used plastics equipment and other assets. The only auction Web site dedicated exclusively to the plastics industry,
www.stopolauctions.com offers industry executives and plant managers the opportunity to experience the competitive atmosphere and dynamics of an auction without leaving their office, 24/7, 365 days a year.
About Stopol, Inc.
Headquartered in Solon, Ohio, Stopol is a privately held corporation specializing in arranging the acquisition and sale of production equipment and machinery, businesses, divisions, product lines, and manufacturing licenses in the plastics industry. With unparalleled insight into the business market and the value of potential acquisitions, Stopol takes efficient, tactical approaches to connecting buyers and sellers in the plastics industry. In direct contact with more than 27,000 manufacturers, Stopol serves as a strategic partner for merger and acquisition opportunities, helping companies find cost-effective solutions while maximizing their resources.
Contact: Neil Kruschke Jr.
Stopol CEO
Phone: 440.498.4000
Fax: 440.498.4001
www.stopol.com
E-mail: neilk@stopol.com
Contact: Bryan Kokish
Marketing Director, Stopol Inc.
Phone: 440.498.4000
Fax: 440.498.4001
www.stopol.com
E-mail: bryank@stopol.com