SOLON, Ohio (January 31, 2005) – Stopol, Inc., a leader in arranging the acquisition and sale of production equipment and machinery, businesses, divisions, product lines, and manufacturing licenses in the plastics industry, will host and webcast an auction February 10 of all the contents of Durant Plastics’ Durant, Okla., plant.
Beginning at 12:05 p.m. (EST) February 10, Stopol will conduct a live auction at Durant’s facility and webcast the event on www.stopolauctions.com so that bidders from all over the world can participate in the event by using their PCs. Stopol will hold a preview at the plant February 9.
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.
Durant Plastics manufactures toys for the TootsieToy brand and previously was owned by Strombecker Corp., which recently was acquired by Processed Plastic Co. The transaction left Processed Plastic with excess capacity and equipment. To consolidate its operations, Processed Plastic consulted with Stopol to help it liquidate the Durant plant and divest the factory’s surplus assets through auction.
The third event held on the Solon-based company’s new www.stopolauctions.com Web site, the Durant Plastics auction will feature more than 20 late-model Van Dorn and Cincinnati Milacron injection molding machines and over 600 toy molds. A large quantity of ancillary plastics and toolroom equipment also will be available. 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.
“Without a doubt, this event is going to draw an incredible amount of interest because of the toy molds that are available,” said Stopol CEO Neil Kruschke Jr. “The molds are in excellent condition because most of them have been subjected to very limited use. When you take into account that new molds can cost between $50,000 and $100,000, this on-site and webcast auction is a can’t-miss event for molders everywhere.”
On November 23, 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.
Registered members of www.stopolauctions.com may pay for their purchases through a company check, money order, certified check, wire transfer or credit card. Registration to www.stopolauctions.com is free, and nominal fees are charged only for equipment that is bought or sold on the site.
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