MATTOON -- The surplus assets of GE Lighting's Mattoon Lamp Plant are scheduled to be sold during an Oct. 30-Nov. 1 online auction conducted by the Branford Group, a global industrial auction company.
According to a press release, GE Capital, Industrial Finance, has arranged for this auction of assets at this facility, 1501 S. 19th St., which manufactured halogen bulbs and lamps until its Aug. 11 closure. The auction will open at 8 a.m. Oct. 30 and will begin to close at 10 a.m. Nov. 1.
The Branford Group reported in a press release that this auction will feature product and assembly lines, water treatment equipment, mass spectrometers, material handling equipment and vehicles, tool rooms, facility and support equipment, and more.
Branford Group Vice President Andrew Duncan said the auction includes equipment from a 300,000-square-foot, late model halogen and lamp manufacturing facility. He said the equipment includes more than 1,500 items and an array of automated product and assembly lines, 2016 Leybold vacuum pumps, lab related items, grinders, air compressors and machine shop equipment.
"There is something for every auction buyer that will be available in this large diverse offering of equipment," Duncan said.
Auction offering schedules, featured items, specs, more than 200 photos, and bidding instructions can be found online at http://www.thebranfordgroup.com/DNN3/Auction/GELI1017.aspx.
The Branford Group provides surplus industrial auctions, disposition, and valuation services. It’s certified and accredited auctioneers and appraisers value and sell business equipment, entire manufacturing plants, complete warehouses, real estate, and intellectual property from a broad range of industries.
Regarding the closure of the Mattoon Lamp Plant, GE Lighting has reported that the lighting industry in the last decade has seen a "major technology pivot" away from traditional lighting products such as incandescent, halogen, and specialty linear fluorescent lamps. The company has reported that consumer demand for traditional lighting is at an all-time low.
"Volume was down dramatically at the Mattoon Lamp Plant, with the facility operating at 60 percent below capacity As a result, we made the very difficult decision to close our plant," GE Lighting has reported. The Mattoon Lamp Plant opened in 1946.