Hilco Industrial Acquisitions Canada Manages Asset Sale for STT Technologies - a Division of Magna Powertrain, Inc.

Timed Online Auction to Sell CNC Machine Tools, CNC Robots, Assembly Equipment, Parts Washers and More

NORTHBROOK, Ill., Aug. 22, 2017 /CNW/ -- Hilco Industrial Acquisitions Canada announced today that it will be selling surplus equipment no longer required in the ongoing operations of STT Technologies, a division of Magna Powertrain, Inc. The online auction will run from Monday, August 21 through Wednesday, August 23.

STT Technologies Inc. develops and supplies proprietary oil pumps for North American engine and transmission applications. The assets that will be auctioned off include CNC lathes, CNC vertical lathes, CNC vertical machining centers, CNC drill/tap machines, CNC grinders, CNC robots, assembly systems, gauging systems, parts washers and more.

The assets can be viewed by appointment only at 600 Tesma Way Concord, Ontario, Canada.

To arrange a viewing, access more detailed information about the assets being sold, or to inquire about the online auction sale, visit https://www.hilcoind.com/sale/sttmagna/featured or contact:

Voytek Kulpa, Field Contact: vkulpa@hilcoglobal.com +1 647.284.6905

John Sharpe, Managing Director: jsharpe@hilcoglobal.com +1 416.252.1955

About Hilco Industrial Acquisitions Canada

Hilco Industrial Acquisitions Canada (www.hilcoind.com) provides industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales in Canada.  It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies.  Hilco Industrial Acquisitions Canada buys and sells assets through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales.  In addition to providing services on a fee or commission basis, Hilco Industrial Acquisitions Canada puts capital at risk and often acquires assets or provides guarantees.  Hilco Industrial Acquisitions Canada is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.

SOURCE Hilco Industrial Acquisitions Canada


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