Onyx Asset Advisors, Integra Asset Solutions and Rabin Worldwide Acquire the Assets of Plethora Corporation for Online Auction of State-of-the-Art High-Precision CNC Machining and Rapid Prototyping Equipment in Marietta, GA
SCHAUMBURG, Ill., January 24, 2022 /PRNewswire/ — Onyx Asset Advisors has partnered with Integra Asset Solutions and Rabin around the world to directly purchase machinery and equipment from Plethora Corporation in conjunction with the assignment of the company for the benefit of creditors. The three firms will launch a 2 day auction sale of all machinery and support equipment from Plethora Corporation, an on-demand manufacturing company that manufactured custom prototypes and final production parts used in the defense and aerospace, medical device, robotics and automotive, as well as autonomous vehicles and consumer electronics. The auction will be a 2-day event, starting with a Virtual auction live on the web February 9at 11:00 a.m. ETfollowed by Timed online auction on February 10 at 11:00 a.m. ET. Register to bid online at bidspotter.
This is an unprecedented offering of (27) very late model Haas CNC machining and turning centers. The auction will include 5-axis universal machining centers, 3-, 4- and 5-axis CNC vertical machining centers, CNC milling and turning centers, quality assurance equipment and hundreds of lots tools and accessories. Most of the equipment was purchased new in 2018 and 2019 and all are loaded with options.
“In today’s world of supply chain issues and extremely high demand, procuring new equipment continues to present unfamiliar challenges to manufacturers. This offering represents a great way to circumvent these difficult schedule issues while simultaneously securing equipment like new. There are very few opportunities of this quality on the market today.” says K. Kevin Otus, Managing Partner of Onyx Asset Advisors.
“This is the cleanest CNC shop you will ever walk into. All machinery and equipment is in pristine condition. For manufacturers of high precision machined parts, this is a great opportunity to purchase equipment that can be in place, making parts, in just a few weeks instead of waiting up to eight months for delivery of new machines.” said John MagnusonPresident of Integra Asset Solutions.
Interested parties are encouraged to make bids on the equipment prior to the auction, by contacting Marc Reynolds at [email protected] or 205-368-8005. Equipment can be inspected Monday through Wednesday February 7 – 9, 2022, 09:00 – 4:00 p.m. at 1255 Kennestone Circle, Suite 150, Marietta, Georgia 30066. Full details of this auction can be found online at bidspotter.
Integra Asset Solutions specializes in comprehensive commercial and industrial asset liquidation services. Integra offers multiple layout options, including machine auctions, turnkey installation opportunities, and privately negotiated sales. Buyers can find a wide variety of machinery and equipment, from complete factory offerings to individual machines.
Rabin around the world, in business for over 70 years, is a family-owned real estate auction and investment company, acquiring and selling industrial plant and equipment worldwide. As a leader in industrial liquidation, Rabin has sold equipment and assets in every business sector and on nearly every continent. We focus on purchasing complete facilities and factories, including their underlying real estate.
Onyx Asset Advisors, LLC is an asset monetization, advisory and disposition firm that specializes in creating multi-faceted personalized disposition strategies ranging from outright asset purchases providing immediate liquidity, pre-funded disposition activities , negotiated orderly sales, public auctions and supply chain redirection. Onyx’s management team has over two centuries of interdisciplinary expertise spanning a wide range of asset classes including: intellectual property, inventory, machinery and equipment, receivables and real estate.
SOURCE Integra Asset Solutions