GA Global Partners, a B. Riley Financial company, has been appointed to conduct the auction of Ganesh Machinery’s equipment and machines in support of the company’s revitalization strategy.
The auction is being conducted to reduce excess inventory following the repurchase of Ganesh Machinery by its original owners, including Harvinder Singh, who recently reassumed the role of CEO. Ganesh Machinery will continue to provide parts and service from their Chatsworth, CA location.
Ganesh and GA Global Partners will begin accepting bids on November 19, 2019 for an online auction of over more than 50 brand-new “factory crated” CNC lathes, mills and machining centers. The live public auction will take place online on December 5, 2019.
“Founded in 1985, Ganesh Machinery has built a reputation for quality workmanship and professional service by setting a high standard for precision machinery and productivity. This is a superb opportunity to acquire brand new machinery in its original packaging from a highly respected manufacturer. It is very rare to see new, unused industrial machines and equipment sold at auction,” said Paul Brown, vice president of GA Global Partners.
Ganesh Machinery has sold and serviced machines in thousands of machine shops, manufacturing businesses and technical schools throughout North America. Its machines are produced in an ISO-9001 facility in Taiwan, with many of the critical components manufactured in Japan. All machines and equipment being offered at auction are crated or shrink-wrapped, and on original pallets and skids direct from the factory. The auction will also include two forklifts, four Hyundai Sonata vehicles and two Dodge trucks.
Interested bidders are required to pre-register prior to auction. For registration and bidding information, visit www.gaauction.com.
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