Sale of Assets from Automotive Company

25th July 2023 – Sale of Assets from Automotive Company

Maynards is auctioning machining centers, milling machines, presses, coordinate measuring machines, toolroom equipment and rolling stock formerly operated by automotive company Jo-Ad Industries, Inc. The assets come to the market following the closure of the firm after 66 years in business. The sale takes place in conjunction with, a Miedema Asset Management Group Company.

The online auction will take place on the 25th of July and features: (2) Haas VF-8/40 CNC vertical machining centers  (2015), Haas VM2 CNC vertical machining center  (2012), (2) Fadal VMC8030HT CNC vertical machining center, Haas Super Mini Mill 3-Axis CNC vertical mills (2007), (2) Haas VF-9C CNC vertical machining centers, (2) ROKU ROKU Sangyo GR-655N CNC vertical machining centers, Reis TUS 160 4-Post 100-ton spotting press, Tarus TPINCL0855 DCC coordinate measuring machine, (2) Charmilles Roboform 810 EDM’s, Giddings & Lewis 65-E4-T/PMC-4-3X horizontal table type boring mill, Sundstrand 23279 Jigmatic 21 CNC bridge type planer mill, Cincinnati Bickford 4E radial arm drill and much more. The assets are located in Madison Heights, Michigan and can be previewed on the 24th and 25th of July or earlier by appointment.

Global auctioneering firm Maynards was established in Vancouver in 1902. Maynards has global reach through offices in the United States, Canada, Germany, England, Japan and China and provides liquidation and valuation services to a broad range of industry sectors.

For further information about this, or any other Maynards auction, please visit: