Moldmaker puts equipment up for auction

Windsor, Ont.-area moldmaker Impact Tool & Mould Windsor Inc. will be auctioning equipment next week. The company will conduct an on-site auction in conjunction with Corporate Assets Inc. on April 17 at 10:30 am.

Featured items include a computer numerically controlled (CNC) horizontal machining centre, seven CNC vertical machining centres, and two CNC horizontal bed type milling machines. The company also has several other items up for auction, such as a die spotting press, grinders, radial arm drills, dust collectors, and an ICS chiller.

In total, there are more than 50 featured items available for bidding. The company could not be reached for comment on the reason behind its equipment auction.

The moldmaker’s predecessor went into receivership after a local competitor won a $600,000 court judgment against the company last year.

Details about the auction, including payment terms and a comprehensive list of featured items, can be found on the auction website.