Major Automotive Component & Powertrain Manufacturing Equipment Asset Sales Begin July 21

Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed as a selling agent for JD Norman’s assets in Germany. Two sales will take place by auction and private treaty on July 21 in Witzenhausen and September 22 in Hörselberg-Hainich that will feature over 300 and 900 assets, respectively.

JD Norman Industries was a leader in the manufacturing of highly engineered products, including formed, machined and cast metals used in the automotive industry, that closed in 2020 after over 30 years providing components to Audi, Ford, Fiat and Mercedes Benz, among others.

Gordon Brothers, Robert Levy Associates and Maynards Europe are managing the auctions for what is likely to be the largest machine tool sale in Europe this year with the opportunity to acquire over 1,000 cost-effective, specialist assets used for automotive engine part manufacturing including:

*       CNC machining centres for cubic components up to 800 mm by 1,000 mm
*       CNC machines with working spindles
*       Washing machines
*       Grinding machines
*       Cracking machines
*       Deburring machines
*       Honing machines
*       Lathes
*       Leak testing

“We are delighted to offer this exciting and unprecedented selection of automotive powertrain manufacturing equipment,” said Duncan Ainscough, Managing Director, Commercial & Industrial at Gordon Brothers. “It is a rare opportunity to acquire specialist assets at competitive prices, and we expect significant global interest in this sale.”

For the full comprehensive list of assets for sale, please visit www.gordonbrothers.co.uk/JD-Norman

About Gordon Brothers

Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with over 30 offices across five continents.

About JD Norman Industries

JD Norman Industries, Inc. is a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United Kingdom. JD Norman is a leader in the manufacturing of highly engineered product including formed, machined and cast metals.