Auto Industry Supplier Closing

Hudson, Mich.-based M&S Manufacturing Company has closed its doors. The company was a contract machining supplier principally serving the automotive industry, manufacturing precision components that included cold forming dies and screw machine products for original equipment manufacturers, as well as tier one and tier two suppliers.

The company was looking for a buyer last October. Stacy Mellon, human resources manager at M&S, had stated to Automotive World on October 7, 2006, as saying, “Based on information we have now on losses over the last four years, it is necessary for M&S Manufacturing to cease operations. We are in the process of meeting with customers and we expect to have a better idea of the timeline thereafter.”

All assets will be sold at a 5-day public auction sale commencing March 26, 2007. Hilco Industrial, LLC, has been selected to conduct the sale.

Over 200 major machines to be auctioned include Index and Nakamura brand CNC turning centers, Hydromat brand rotary transfer machines, and large numbers of miscellaneous machining devices from well-known brands such as National Acme, Tornos Bechler, Miyano, Techno Wasino, Micron, Takamaz and Traub. Other assets to be auctioned include a complete state-of-the-art tool room with significant quantities of CNC, screw machine and perishable tooling; QC and inspection tooling and accessories; vehicles; and shop and factory supplies.

"This is an unprecedented opportunity for buyers to realize great savings on hard-to-acquire, late model, well-maintained equipment," said Robert Levy, President of Hilco Industrial. He added, "It is rare for this many pieces of state-of-the-art equipment to become available in one place at one time."

The auction is scheduled to be held from March 26 to March 30 at the M&S Manufacturing Company plant, located at 550 East Main St. in Hudson, MI. For a complete listing of equipment and auction details, visit www.hilcoind.com.

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