Cambridge Towel Plant, North America's Largest Towel Manufacturer to be auctioned off on Aucto

CAMBRIDGE, ON--(Marketwired - June 06, 2017) - After 52 years as North America's largest towel manufacturer, Cambridge Towel is shifting to a fully import platform. As a result, the company ceased its Cambridge, Ontario facility's operations in late 2016. Equipment and machinery will be sold via auction by industrial auctioneer, IAAS Worldwide. The auction offering includes late model textile and towel manufacturing machinery as well as general plant equipment used in the now-closed facility.

IAAS Worldwide will be hosting the one-day online auction on June 16, 2017. The auction will be hosted on www.aucto.com. Textile and towel manufacturing machinery lots include: Tsudakoma air jet looms, a Benninger slasher, as well as sheers and dryers. General plant machinery and equipment in the offering includes: 72-inch steel beams, carts, overhead cranes, forklifts, compressors and more. Click here to view the lot catalog.

Featured equipment being auctioned off includes:

• Two Ton Megor Crane
• 2001 Tsudakoma 280 cm ZAX Air Jet Loom
• 2012 Laffer Tandem Shear
• 2014 Anglada Tumble Dryer

Click here for a video auction preview.

ABOUT THE AUCTION:

• Where: Online via Aucto.com

• Viewing Dates: Inspection is by appointment only
  To arrange a viewing, contact:
  Alan Loeser
  Phone: 1-877-235-8299
  Email: alandloeser@gmail.com

• Auction Ends: 10:00 AM EDT, Friday June 16, 2017

ABOUT AUCTO.COM

Aucto connects industrial equipment buyers and sellers on an easy-to-use, secure and global platform. For sellers, Aucto provides a marketplace to recover capital from surplus and used industrial equipment. For buyers, Aucto gives access to quality used equipment at liquidation pricing. Regardless of who you are, or how large your organization is, Aucto is smart, simple and always working for you.

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Embedded Video Available: https://www.youtube.com/watch?v=F7uOHU-phF8