PRESS RELEASE:

Auction at Worthington Cylinders of Canada Corp. Offers Machining Opportunities

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Photo: Milacron

TILBURY, ONTARIO, Canada, May 19, 2014 (SEND2PRESS NEWSWIRE) -- IAAS Worldwide is pleased to announce the Onsite and Online auction of CNC equipment, automatics, machine shop and tool room equipment, and misc. material handling items.

What happens when a company no longer has the need for millions of dollars worth of machining equipment? They hold an auction, of course.

The auction will be held onsite at Worthington Cylinders of Canada Corporation in Tilbury, Ontario, Canada beginning at their Queen Street North location, and finishing at their warehouse on Lyons Avenue North. The auction is set for Tuesday, June 10 at 10:30 a.m. with a preview of items on Monday, June 9 from 9 a.m. to 4 p.m.

Alan Loeser, Director of IAAS Worldwide auction house says that there are many items for the company or person looking for CNC equipment, machine shop and tool room, and well as material handling items. "Some of the bigger pieces include a Cincinnati Milacron; vertical Milling Machines; surface grinders; shot blast units, forklifts and telescoping manlifts; cylinder machining centers, mill-drill-tap machines; band saws and portable evaporative coolers; and many types of lathes. Miscellaneous material equipment handling items include: fans, hand trucks; barrel stands, pumps, pallets of plastic and wire bins, pallet racking, electrical wires, rubber floor mats, pallets of warehouse lights, sand blast media and more."

Loeser says that it's typical for interested buyers of equipment to not attend the onsite auction because they can bid online real time through the auction site Bidspotter ( http://www.bidspotter.com/ ). "By partnering with Bidspotter, we can offer these items in a world-wide setting instead of just to those who can physically attend," he said. Loeser went on to say that for this auction, IAAS Worldwide is offering a flexible pick-up date of June 11-20, 2014, so buyers can make arrangements to pick up, or ship their purchases.

As always IAAS Worldwide terms of payment include cash, credit card, company or personal check with a bank letter of guarantee, cashiers check, or wire transfer. Organization and payment for removal of purchased items are fully the responsibility of the buyer. Visit http://www.iaasworldwide.com/ for complete terms of sale. There is a 13.5 percent buyers premium onsite and 15 percent buyers premium online.

For open sale and auction inquiries visit http://www.iaasworldwide.com/ or call Alan D. Loeser, IAAS Worldwide at 717-235-8299. PA License # AUOO3740R held by Alan D. Loeser Sr., member, National Auctioneers Association.

* PHOTO: Send2Press.com/mediaboom/14-0519-Milacron_300dpi.jpg .

* Photo Caption: This 1998 Cincinnati brand Milacron is one of the many machines for sale at the Worthington Cylinders of Canada Corp. public auction, held June 10, 2014.

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REFERENCES: Milacron, Bidspotter, IAAS Worldwide, Onsite and Online auction of CNC equipment, automatics, machine shop and tool room equipment, Bidspotter, Worthington Cylinders of Canada Corporation, Milacron, news, press release from IAAS Worldwide, May 19, 2014, Manufacturing, Business, Construction, Tilbury, Ontario, Canada, Auction at Worthington Cylinders of Canada Corp. Offers Machining Opportunities