CRG is to sell woodworking machinery assets surplus to the continuing Operations of Closetmaid, a major manufacturer of Home Storage & Closet Organizing Systems. The auction, which closes on May 7th, will include Automated Board Conveyor System, Balers, bridge crane, CNC Wood Boring Machines, CNCSaw Line, Continuous Board Lamination Line, Dust Collections, Edge Banding Machines, Material Handing and Welders.​​​

Key assets include: Homag EDGETEQ S-500 edge banding machine (2020) (2 available), Homag Optimat KAL 370 profiLine (2018) (2 available), Homag Optimat KAL 525 edge bander, (2007), Holzma HFL-33 CNC, angular saw (rips and crosscuts), 12-blade, with Holzma automated feeder, vibratory outfeed scrap conveyor with Cresswood destroyer grinder, (4) Holzma liftomat HAU-A-2518, (handles 4’x 8’ pallets of material x 4’ high), plus roller outfeed tables, Homag Optimat BST 500 CNC boring mill (7 units available), Weeke BHX 055 CNC Vertical machining Center (2015), Continuous Board Lamination Line, Herbert 10-ton top running bridge crane and much more.​

Global private equity firm CRG has generations of expertise in creating liquidity for clients. CRG utilises innovative solutions and a range of selling platforms – including live webcast auctions, online auctions, complete turnkey solutions and private treaty sales – to sell surplus and underperforming assets for clients across industry sectors.