Auction of Stainless Sales Corp. equipment set for Feb. 2
NORTHBROOK - The assets of Stainless Sales Corp. of Addison will be sold at auction Feb 2 by industrial auction firm PPL Group.
Stainless Sales Corp. was founded as a stainless steel supplier in Ridgefield Park, NJ in 1946 and relocated to Chicago shortly thereafter. By the mid-1960s, the company developed its own steel slitting capabilities. In 1982, the company moved into the Addison facility for central service to North America. In 2009, the company added additional capacity with a new 60" slitter and an edger, as well as a renovated line for PVC application. In 2014, it added two cut-to-length lines, a 36-inch line and a 60-inch line.
Included in the live and online auction will be steel coil slitting lines, cutting and coating equipment as well as shears, saws, scales, stretch wrappers, air compressors, material handling equipment and more. Bidders can register and find further information at www.pplauctions.com.
"Most of the equipment being auctioned will be very recent machinery," said David Muslin, president of PPL. "The company had immaculate facilities with a lot of late model equipment."
The assets will be available for inspection and review from 9 a.m. to 4 p.m. Feb. 1 at 2301 Windsor Court, Unit B in Addison; 3301 S. Justine, Chicago; and 2310 W. 58th St., Chicago.
Theater style bidding for all of the equipment will start at 10 a.m. on Feb. 2 at the Windsor Court facility in Addison.
PPL has been retained by the assignee.