Exchange opens forused, surplus machinery

By Staff -- Industrial Distribution, 7/1/2000

King of prussia, pa.-AssetTRADE opened a global exchange for used industrial equipment and machinery and acquired the sales force of Perfection Machinery Sales, a metalworking machines vendor.

AssetTRADE offers customers the ability to identify, evaluate, appraise and resell industrial machinery with services from financial to technical and marketing support. The firm is backed by top industrial auctioneers Michael Fox International and Henry Butcher International.

Perfection will make all of its equipment available on the AssetTRADE marketplace.

"As one of the top machine tool dealers in the world, Perfection has one of the largest inventories and is internationally recognized," says Robert Kohn, AssetTRADE's CEO.