Perfection Industrial Sales is selling the Core Systems manufacturing facilities in Painesville, OH, and Mount Gilead, OH.
Core Systems was a plastic molder for the appliance industry for decades. The company folded when it lost a vital account with a North American appliance manufacturer.
Perfection Industrial Sales purchased the Core Systems Mount Gilead plant and its manufacturing assets and now hopes to bring the molding jobs back to the state of Ohio. The company said demand in the used machinery market remains strong.
"We are pleased with this significant acquisition and will be running a sales process for each location," said Adam Stevenson, president of Perfection Industrial Sales. "We are working closely with Morrow County and the Columbus Region to see if we can assist in finding a going concern buyer for the Mt. Gilead property and its manufacturing assets, or a manufacturing buyer who wishes to acquire just the real estate."
Perfection also acquired the manufacturing assets of Core Systems Painesville. Perfection will conduct a live webcast auction of 64 injection molders from leading manufacturing brands such as Toshiba, Sumitomo, Mitsubishi, JSW, and Nissei, along with a variety of secondary equipment, robots, and plant support equipment.
The auction will be located at 787 Renaissance Parkway on Tuesday, May 16, 2013 at 9:00 AM ET. For a direct link to the sale details, please visit www.perfectionindustrial.com. The sale is being held in conjunction with Machinery Network and Infinity Asset Solutions.
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