BIDITUP Joins With Myron Bowling Auctioneers and Maynard Industries to Announce the Private Treaty Sale of a Turn-Key, State-Of-The-Art Aerospace Facility

DETROIT, July 15, 2013 /PRNewswire/ -- BIDITUP Auctions and Appraisals Worldwide Inc., a global leader in asset conversion is announcing that the entire manufacturing and design facility and complete assets of the former Tower Defense and Aerospace, a manufacturer of structural metal components, is being offered to the public in a Private Treaty Sale. This one-of-a-kind offering, which is currently in progress, is being conducted in conjunction with Myron Bowling Auctioneers and Maynard Industries, nationally known experts in the assets auction industry.

Steven Mattes, CEO of BIDITUP indicated that his group is aggressively pursuing a turn-key buyer who can take advantage of the late-model, large capacity equipment and existing skilled workforce and operate the facility.  The group is currently focusing their efforts on finding a strategic buyer.  "There's an incredible opportunity here for an investor to step in to take advantage of the existing infrastructure, at a deep discount, to put these people and equipment back to work," said Mattes.

"An offer of this magnitude is a really rare opportunity," said Mattes.  "We're talking about $50 million worth of capital expenditures in a state-of-the-art 300,000± sq. ft. facility.  We don't see a complete package such as this very often." Mattes added, "Tower invested in the most advanced technology in its facility.  This sale features machinery that enabled them to cut faster, thicker and more accurate metal parts with superior edges.  

The former Tower Defense and Aerospace is located at 20101 Hoover Street, Detroit, Michigan, 48205.  For more information and to make an appointment to inspect this property and its contents, please contact Mario Mazzuca at 248-569-9781 or visit us on the web at www.biditup.com, www.myronbowling.com and www.maynards.com.

SOURCE BIDITUP Auctions and Appraisals Worldwide Inc.