Industrial Auction News 821

3rd September 2020 – Auction of CNC Lathes from Paragon Precision Products

Cottrill & Co is a specialist in online auctioneering based in Birmingham, UK. The firm sells individual items up to complete facilities and offers a range of services to their clients including commission sales, valuations, and outright purchases, with expertise across all categories of manufacturing assets. Cottrill & Co is selling high quality CNC lathes formerly of Paragon Precision Products. The assets come to the market following the retirement of the company director.

Paragon Precision Products specialises in the manufacture of turned and milled components for a broad range of industries including the aviation, defence, medical, telecommunications, oil and gas and medical sectors. The family operated business was established in 1973 and has since grown to be a leading manufacturer of precision components in the UK, operating from a purpose-built facility in Milton Keynes.

The auction of 11 lots closes on the 3rd of September. The assets, located in Buckinghamshire, UK, can be inspected by appointment with the auctioneer only and include: Citizen Cincom L32 -X 8 axis CNC sliding headstock turning centre; Citizen Series 2 L20-VIII LFV CNC sliding headstock CNC turning centre; Miyano ABX- 64SYY 9-Axis CNC turning centre; Miyano BNJ-51SY6 7-axis turning centre; Miyano BNJ-51SY2 7-axis twin spindle CNC turning centre; 2 Citizen A32 -VIIPL CNC 7-axis sliding headstock CNC turning centres.

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