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WMIA Member News

Click on the links below to read the latest from WMIA members.

Hilco Online, LLC l SIS Machinery l Stiles Machinery

Kaesar Compressors l The Weinig Group

Hilco Acquires Winternitz

Jeffrey B. Hecktman, chairman and CEO of The Hilco Organization, announced the acquisition of Winternitz, Inc., a leading auctioneer and appraiser of machinery, equipment and other industrial assets. Charles J. Winternitz and Glenn A. Winternitz will become partners in and assume managerial responsibilities for Hilco Online LLC, an Internet-based industrial asset auction platform, and Hilco Equipment Leasing Solutions LLC, which specializes in machinery and equipment sale/leaseback services. They will also partner with Robert Levy and Steve Wolf in the operations of Hilco Industrial. The Winternitz staff will, according to their backgrounds and expertise, join the aforementioned Hilco business units and Hilco Appraisal Services. Terms of the agreement were not disclosed.

Founded in 1894 and headquartered in Northbrook, Illinois, Winternitz, Inc. was an industrial auctioneering pioneer in the United States. The company has helped thousands of industrial concerns maximize value for surplus and under-utilized machinery and equipment through on-site and online auctions. Clients have included Quaker Oats, The Marmon Group, AT&T and Siemens. Winternitz also served as a trusted appraiser of industrial assets and provider of asset liquidation services to many asset-based lenders.

“Charlie and Glenn, their team, and the Winternitz legacy, are all greatly respected,” said Jeffrey Hecktman. “I am confident they will add great value to Hilco as we expand our industrial disposition, equipment leasing and appraisal businesses,” he added.

“Speaking on behalf of my brother, Glenn, and the Winternitz team, we could not be more excited and enthusiastic about becoming part of the growing Hilco family,” said Charlie Winternitz. He added, “The collective expertise, technology and experience that results from this integration is quite impressive and is certain to bring tremendous financial benefits to present and future clients of both Hilco and Winternitz.”

Hilco Online LLC was established by Hilco Industrial LLC in 2003 to conduct Internet-based, eBAY® style auctions and online catalog-style sales of industrial machinery and equipment. Designed to augment Hilco’s on-site and webcast auctions, and provide an economical means to sell industrial assets on a “one-off” basis, Hilco Online reaches tens of millions of online buyers, internationally.

Hilco Leasing Solutions LLC was founded in 2007 to structure and deliver machinery and equipment sale/leasebacks, principally on assets currently in-use versus new and for companies needing immediate, additional short-term liquidity to fund business expansion or restructuring.

Online Tool Assesses Value of Used Machinery

SIS Machinery introduced an online appraisal value calculator to assess the value of used machinery. By entering information about the machine in a form on their web site, anyone can now calculate machine values and get estimated trade-in and fair market values at the click of a button. Simply provide basic information (i.e., manufacturer, machine type, serial number, model, date of manufacture, etc.) and the current condition of the machine in order to get an approximate value.

Obviously not all factors necessary for a complete appraisal can be considered in these calculations, but the number will provide an idea what the machine may be worth if traded in or on the open market (Fair Market Value). Check it out here.

Second Annual Wood Technologies Open House Scheduled

Stiles Machinery Inc. announced the second annual Solid Wood Technologies open house will be held February 27 – 29, 2008 in High Point, NC.

Last year’s successful event showcased the new home of Solid Wood Technologies at the Stiles regional facility located at 729 Gallimore Dairy Road. At this year’s event educational sessions will address the needs of today’s manufacturers who are looking for solutions to remain competitive in a global marketplace. Attendees will discover ways they can respond to foreign competition by adopting new technologies, implementing processes to optimize production flow and taking advantage of local resources to contribute to the national economy.

Solid Wood Technologies is a direct response to Stiles’ customers who require solutions for solid wood applications. "Entering the solid wood market was a natural extension for Stiles based on our expertise in panel processing," states Robert Slater, vice president, "but it’s our industry-leading service and support that sets us apart from the competition." Stiles offers a Total Production Solutions approach to manufacturing, from equipment integration and manufacturing consulting to education, service and parts.

Solid Wood Technologies is a comprehensive product offering for solid wood applications that includes Kentwood moulders, grinders, and rip saws as well as System TM optimizing solutions. Stiles continually investigates additional product offerings by researching worldwide trends and analyzing information to align solutions, technologies and strategies to support their customer’s needs. The latest technology will be on display during the open house.

The free event is open to the public. Advanced registration includes complimentary hotel accommodations for one night during the open house. For more information, visit www.stilesmachinery.com/expo.

New KFC creates more effective air storage

Kaesar Compressors announced the new, completely redesigned Kaeser Flow Controller. Available for system capacities from 250 to 6200 scfm, the new KFC creates more effective storage by accumulating compressed air in the receivers and only delivering air that is needed for production.

The KFC responds very rapidly to fluctuating demand and actively maintains constant system pressure downstream. More stable air pressure helps eliminate artificial demand and substantially reduce air losses through leaks.

Further, stored compressed air can now be used to satisfy air demand spikes without pressure drop at the point of use. Plus, the KFC can be installed very easily in new or existing systems without reconfiguring existing piping.

For more information on how the new KFC can help you save up to 30% in compressed air costs, please call 800-777-7873 or visit us at www.kaeser.com.

Riehle Takes Over as Weinig President

Michael Weinig Inc. President Elect, Peter Riehle, will assume his new position January 1, 2008. Mr. Riehle joined Weinig in 2006 as Vice President of Systems Solutions.

The Weinig Group, represented by Rainer Hundsdörfer, Chairman of the Management Board, and Dr. Thomas Bach, Chairman of the Supervisory Board, officially recognized the retirement of Jeff Davidson, after 18 years as President, at its Awards Banquet held on December 15, 2007.