Solon, Ohio-Based Stopol to Sell Equipment from Former Hoover Plant in North Canton, Ohio
SOLON, Ohio--(BUSINESS WIRE)--Techtronic Industries Floor Care North America has chosen Solon, Ohio-based Stopol Inc. to sell the plant equipment of the former Hoover manufacturing facility in North Canton, Ohio.
“The buyers of such equipment predominantly are smaller plastics processing operations looking to acquire highly desired equipment at cost-effective prices”
Stopol is a full-service plastics industry resource that sells and services new and used equipment, provides auction and liquidation management, and offers appraisal services and merger and acquisition consulting.
Stopol’s team of plastics machinery sales executives will actively market and sell the entire plant’s contents, including more than 80 injection molding machines, a variety of auxiliary equipment, fork trucks, robots, tools, accessories and office equipment. For a comprehensive listing of all available items or more information, please visit the equipment index at www.stopol.com.
“The buyers of such equipment predominantly are smaller plastics processing operations looking to acquire highly desired equipment at cost-effective prices,” said Stopol CEO Neil Kruschke Jr. “These machines can’t run themselves so the company that acquires the machinery often has to add employees.
“This is an opportunity for the smaller injection molders to increase their capacity and technical capabilities while positioning themselves to capture additional market share,” he added.
TTI Floor Care North America announced on April 2 that it was permanently discontinuing manufacturing operations at Hoover’s 101 E. Maple St. factory in North Canton. Some of the jobs previously housed at the North Canton facility are relocating to Glenwillow, a southeast Cleveland suburb where TTI has established its North American headquarters and is building a Global Research and Design Center.
About Stopol, Inc.
Headquartered in Solon, Ohio, Stopol is the plastics industry leader in providing solutions for processors’ production needs through its five lines of business -- Equipment Sales, Auctions, Liquidations, Appraisals and Business Services (merger and acquisition consulting). With the industry’s largest diverse inventory of equipment, Stopol allows manufacturers to add capacity and capabilities quickly and cost effectively. As the industry’s premier provider of auction and liquidation services, Stopol further enhanced its reputation as an industry innovator in 2004 when it created StopolAuctions L.L.C. and launched an interactive auction Web portal that allows a global audience to buy and sell new and used plastics equipment and other assets using their PCs. In addition, monthly contact with 30,000 customers and 15 years of purchasing data provide Stopol with unparalleled market intelligence that we leverage to our customers’ advantage.