SOLON, Ohio (April 13, 2006)– Stopol Auctions, L.L.C. -- the leader in hosting and managing plastics industry auctions -- will host and web cast an auction May 17 to sell plastics manufacturing equipment from discontinuing operations at Sanford Corp.’s Papermate® plant in Santa Monica, Calif. Sanford is a subsidiary of Newell Rubbermaid Inc.
Stopol Auctions will conduct a live auction beginning at 10:05 a.m. (PST) May 17 at Sanford’s Santa Monica facility and web cast the event on www.stopolauctions.com so that bidders from all over the world can participate in the event using their PCs. Stopol Auctions will hold a preview at the plant May 16. Interested bidders also may contact Stopol Auctions to arrange for a private inspection. A limited selection of Sanford equipment will be available for sale before the live auction through www.stopolauctions.com’s 24/7 Reserve auction portal.
The Sanford auction will feature a variety of injection molding machinery from some of the top brands in plastics equipment manufacturing, including Cincinnati Milacron, Husky and Nissei. The event also will feature an array of toolroom and office equipment and accessories. For a comprehensive listing of all available items, directions to the auction or more information on auction rules and terms of sale, please visit the auction index on www.stopol.com.
“What differentiated this auction from so many others is the amount of interest in the accessories,” said Stopol CEO Neil Kruschke Jr. “The forklifts and tooling available drew as much interest as the larger machines and even attracted manufacturers from outside the plastics industry.”
“This event is a great opportunity for injection molders to add capacity and broaden their capabilities,” said Stopol CEO Neil Kruschke Jr. “Some of the late-model equipment available is ideal for smaller operations looking to upgrade their technology.”
Sanford’s Santa Monica facility made the popular Papermate series of pens and writing instruments.
About Stopol, Inc.
Headquartered in Solon, Ohio, privately held Stopol is the leader in arranging the acquisition and sale of manufacturing equipment, parts, businesses, divisions, product lines and manufacturing licenses in the plastics industry. With its vast inventory and technical expertise, Stopol not only helps plastics manufacturers stay on stream but allows them to quickly add capacity and capabilities. Well known for its live auctions, Stopol further enhanced its reputation as an industry innovator in 2004 when it launched www.stopolauctions.com, an interactive, online marketplace that allows members to buy and sell new and used plastics equipment and other assets. Regarded as a vital industry resource, Stopol uses its unparalleled market insight and extensive network of contacts to connect buyers and sellers, and provide appraisal and liquidation services. Stopol also offers merger and acquisition consulting expertise through its Business Services division.
About Paper Mate®
As one of the world's most recognized and loved writing instrument brands, Paper Mate is reinventing how people think about pens and pencils. Made by Sanford, Paper Mate products provide innovative, contemporary writing instruments that individuals grow attached to - from the young to young at heart. The Paper Mate line includes pens, No. 2 pencils, mechanical pencils and erasers. As a participating member of Upromise (www.upromise.com), Paper Mate is helping families save more for college by simply buying products they use everyday. For more information on the Paper Mate family of products, visit papermate.com
About Sanford Corp.
Sanford Corp. is the maker of Paper Mate products and a strategic business unit of Newell Rubbermaid Inc. (NYSE: NWL). Sanford is a worldwide leader in the manufacturing and marketing of writing instruments, including such well known brands as Paper Mate®, Parker®, Waterman®, EXPO®, Foohy®and uni-ball®, among others. Sanford makes more than 6,000 products, ranging from markers, pens and pencils to professional art products and fine writing instruments. Visit sanfordcorp.com for more information.
Sanford is part of Newell Rubbermaid Inc., a global marketer of consumer and commercial products with 2003 sales of $7 billion and a powerful brand family including Sharpie, Parker, Waterman, Rubbermaid, Calphalon, Little Tikes, Graco, Levolor, VISE-GRIP, BernzOmatic, IRWIN and LENOX. The company, headquartered in Atlanta, Ga., employs approximately 40,000 people worldwide.
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