Robert Levy Associates yesterday announced that they will be auctioning hundreds of assets from Richard Tool & Die Corporation after the compay's board of directors decided to cease operations.
Since 1966, Richard Tool & Die has been a leader in the design and production of progressive and transfer dies for the stamping industry and automotive OEM’s.
The webcast auction will take place on Wednesday, November 9, 2022, beginning at 10:00 am ET.
The auction is being managed by Robert Levy Associates and Maynard’s Industries.
Assets in the auction include:
- Large Multi-Axis CNC Machining
- Large Bed Transfer and Progressive Die Presses
- Press Room Support Equipment
- Toolroom, Fabricating & Welding Equipment
- Quality Control Equipment
- Material Handling and Vehicles
Inspection of assets will be available on Monday and Tuesday November 7 and 8, or prior by appointment. Inspection will be onsite at 29700 W. K. Smith Drive, New Hudson, Michigan, and one other location for a few items located at a sister company still in operation.
“This auction sale is of equipment that rarely comes to market. This represents a remarkable opportunity for our customers in the large tool and die manufacturing and stamping industries to acquire hard to find equipment once used by an iconic Detroit based tool and die manufacturer," said Robert Levy, in a statement.
For a complete list of all assets, visit www.rlevy.com/project/richard-tool-die-corporation or www.maynards.com/richard-tool-die-corporation.
