Branford Group to Conduct PCB Equipment Auction for Prestwick Circuits Ltd, a Division of TT Electronics30 December 2005
As part of a plant consolidation, the printed circuit board manufacturing equipment of TT electronics' Scotland, UK-based Prestwick Circuits division will be sold at public auction.
"This sale provides an excellent opportunity for plant managers worldwide to plan ahead and source brand name equipment," said Scott Lonkart, SVP of Operations at The Branford Group. "The complete closure of this 150,000 square foot facility will feature some of the latest technology -- as recent as 2005 -- in circuit board manufacturing. Machinery manufacturers include Mania, Olec, Lauffer, Klingelnberg, and Excellon."
The Branford Group and Bache Trehearne will conduct the auction on February 15, 2006 from the plant location in Scotland. The sale will be broadcast live over the Internet, where buyers can view equipment on their computer and enter their bids using a telephone.
Despite significant financial investment, adopting best manufacturing practices, reductions in the cost base and improved operational efficiencies Prestwick Circuits Limited will cease manufacturing at the end of 2005 due to constant pressure from overseas suppliers with factories in low labor cost areas. The company will continue to offer product to its key customer base by sourcing quality assured printed circuit boards from its supply partners in Asia, and therefore plan to maintain a small support team based in Ayrshire, Scotland.
About Bache Treharne
Bache Treharne is a leading firm of client-focused surveyors, valuers and auctioneers in the UK & Ireland. The property and plant & machinery divisions of Bache Treharne offer a complete range of service-driven valuation and disposal solutions for its clients on a national and international basis. Offices are located in Birmingham, London, Leeds and Manchester.
About The Branford Group
The Branford Group is a recognized leader in surplus industrial machinery and equipment auctions and valuations. Branford's certified and experienced auctioneers and appraisers offer a comprehensive set of services to value and sell business equipment, entire manufacturing plants, complete warehouses, real estate, or intellectual property (IP).
Headquartered in Branford, Connecticut, The Branford Group has over 20 years of proven experience in the capital asset industry. More information on The Branford Group can be found at http://www.TheBranfordGroup.com or by contacting 203-488-7020.
Contact:
James Gardner
The Branford Industrial Group, LLC.
203-483-2225 JGardner@TheBranfordGroup.com
Source: prnewswire
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