Assets sold through the auction were coil slitting lines, coil cut-to-length lines, laser and plasma cutters, Cincinnati shears, and flatbed trailers.
The $62 million investment will build a 200,000 sq ft facility with two blanking lines and a slitting line.
The new line reduces their lead times on heavier gauge slit stainless steel and nickel alloys.
A look at some of the coil handling systems, cut-to-length lines, slitting lines, hydroforming, stamping presses and other press room equipment exhibited on the show floor at McCormick Place in Chicago on November 18-21.
CHS Automation/Pneumatic Feed Service displays an assortment of coil handling lines for metal stampers, including advanced servo feed rolls, straighteners, coil reels, cradles, air feeds and other equipment.
The new laser blanking line from Schuler Incorporated combines cutting-edge laser methods with continuous coil feeding for maximum performance and flexibility, utilizing DynamicFlow Technology that is energy efficient and can process a variety of materials such as high-strength steels, with repeat accuracy and edge quality. The new line cuts blanks from a continuously fed aluminum coil. Using three laser heads in parallel, this blanking line can cut blanks with a thickness of 0.8 mm to 3 mm and a width of up to 2,150 mm.