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Major disposal of automotive component facilities in Germany

Posted on 23 Jun 2021 and read 330 times
Major disposal of automotive component facilities in GermanyUS-based Robert Levy Associates has announced a series of secured party sales of the assets from two complete JD Norman plants in Germany. The company, an OEM and Tier One supplier of automotive powertrains and components, shut down in 2020 after more than 30 years providing complete assembled parts to a number of leading companies including Mercedes Benz, Audi, Ford, Volkswagen, Fiat and Kia.

Items to be sold include lines and components used to manufacture engines, transmissions and other automotive components. The negotiated sale of specific assets is currently underway, with a series of online auctions due to take place in July and September 2021.

These sales are being managed by a global team of automotive asset specialists: Robert Levy Associates; Maynards; and Gordon Brothers.

Over 1,400 late model assets being sold include: automotive engine components; chassis components; transmission housings; over 200 CNC machining centres; quality assurance equipment; toolroom equipment; shop and factory tooling and supplies; and real estate

Offers are currently being accepted on specific assets on the Robert Levy Associates website (rlevyinc.com/current-sales) and also the Maynards website (www.maynards.com).

Remarkable opportunity

Robert Levy, president of Robert Levy Associates, said: “This sale of top quality automotive powertrain manufacturing technology represents a remarkable opportunity for our customers in the automotive industry.

“Beyond that, many of the assets in this sale can be easily used to manufacture a wide variety of other products at a fraction of the cost of new machinery. This equipment can be obtained for immediate delivery for those who are currently in need of manufacturing capacity, mitigating the effects of the global shortage of equipment and materials.

Robert Levy Associates has specialised in crafting and executing successful bespoke monetisation solutions and maximising returns for industrial assets worldwide, for over 40 years.

Maynards expertise in consistently delivering the highest returns to customers in the equipment and machinery industry spans over a century and Gordon Brothers has helped lenders, operating companies, advisors and investors move forward through change since 1903.