Tipp City’s Repacorp, Inc., a label manufacturer, acquired Hooven-Dayton Corp.’s “assets and intellectual property” last week, a printing industry web site said recently, citing a press release from Repacorp.
The purchase terms were not disclosed. Equipment from Miamisburg-based Hooven-Dayton will be incorporated into Repacorp facilities in Tipp City, Wisconsin and Arizona. The rest of the equipment will be auctioned, the web site said.
A message seeking comment was left with Rick Heinl, Repacorp president.
Meanwhile, an auction of Hooven-Dayton’s remaining equipment still appears to be on for July 10-11.
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The Branford Group, an industrial auction company, with Joseph Finn Co & North East Printing Machinery, will conduct an online auction for the remaining assets formerly owned by the Miamisburg company, which appears to have closed.
Items to be auctioned off include presses and parts, forklift trucks and vehicles, office furniture, a packaging department, air compressors and much more.
“The Hooven-Dayton web cast auction will provide buyers a unique opportunity to purchase late model equipment at a huge discount,” Andrew Duncan, Branford Group vice president, said in a statement released in late May. “Hooven Dayton had a great maintenance program and all of the equipment is in very good condition. Buyers will have the flexibility of bidding either online or on-site at the facility.”
For more information about the online auction, call (617) 964-1886.