29 Apr, 2015, 08:35 ET
NORTHBROOK, Ill., April 29, 2015 /PRNewswire/ -- A complete window manufacturing plant located in Ashland, Kentucky, is being offered for sale, including all equipment and machinery.
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The business includes a 200,000 square foot facility and some of the latest robotic window manufacturing equipment in the industry. The two lines at the facility are capable of producing more than 1,000 vinyl insulated windows per day and can also produce patio doors.
Included in the facility is GED Glass Cutter, Fux Austria Window Assembly Machines, Heater Tunnel, Glass Assembly Lines, Erdman Glazing Equipment, TFB Aluminum Bender, GED Roll Former, Urban Corner Cleaner, Urban Frame Welders, Urban Frame Line, Wegoma DMX-20 Miter Saw, Wegoma Autoloader, Geller Notch Boxes, Pertici End Miller, Winpro Screen Express and other equipment.
"This facility represents a rare opportunity to buy a complete vinyl window manufacturing facility," said PPL Group's Alex Mazer. "The right buyer will be able to use this facility to augment other facilities or to immediately create a strong competitor in this industry."
The sale is being handled by PPL Group and Myron Bowling Auctioneers. Bidders can register and find more information at [email protected] or by contacting Alex Mazer at 224-927-5329.
PPL Group is a leading private equity firm that uses its capital to help businesses in transition. The Company structures innovative turnkey and going concern sales transactions, and provides asset management solutions for entire plants, production lines, groups of assets, and whole companies. PPL also works with large corporations to provide the best possible financial recovery for surplus and idle assets including investment, sale and auction. Likewise, the Company works with small and middle-market businesses during change, turnaround, restructuring, and bankruptcy situations across a broad range of industries. PPL is headquartered in Northbrook, Illinois (www.pplgroupllc.com).
Myron Bowling Auctioneers is considered to be one of the nation's largest and most successful industrial auctioneering firms, conducting approximately 80 auctions per year throughout the United States, Canada and Mexico, serving publicly-held companies, the United States Bankruptcy Court and other lending institutions and turnaround management companies.
A founding member and former director of the Industrial Auctioneers Association, Myron Bowling is a member of the National Auctioneers Association, Machinery Dealers National Association, and the Certified Auctioneers Institute.
About Pennco Windows
Pennco Windows grew out of a family business established in the 1950s. Ashland Lumber Company was founded by father and son W.L. Pennington and R.E. Pennington. The company later formed a company to manufacture aluminum doors and windows and incorporated in 1961. The same year the family abandoned the lumber company and focused entirely on window and door manufacturing. Over the years, the company engaged in many different innovations such as the addition of thermal windows, vinyl windows and using state of the art robotics technology in the manufacture of its doors and windows.
Contact: Tom Nicholson, 212-203-2803, Email
SOURCE PPL Group
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