Gas City Company's Assets Set For Auction

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Indianapolis-based Key Auctioneers says it will auction off the inventory of furniture manufacturer Echelon next month in Gas City. Echelon and its sister company, New Jersey-based Munire Furniture, filed for bankruptcy last year.

February 4, 2015

News Release

Indianapolis, Ind. -- One of the more substantial CNC woodworking equipment auctions in recent Indiana history will take place on February 26 when the assets of Gas City, Indiana-based Echelon furniture are sold, according to Key Auctioneers. Three simultaneous auction rings will be required to sell Echelon's furniture inventory as well as CNC woodworking equipment, specialty paint and coating lines, and

warehouse equipment.

According to Key Auctioneers Advertising Manager Mark Pike, the auction

is expected to attract a large contingent of woodworking manufacturers,

contractors and hobbyists, as well as members of the public interested in

the $150,000 inventory of Echelon fine wood cribs, dressers, nightstands

and armoires.

The auction will feature a significant amount of CNC woodworking

equipment including routers, moulders and panel saws; and specialty

equipment like glue press and spreader lines, paint and coating lines,

sanding machines, adjustable frame clamps, boring machines and doublesided

edge foilers. The auction will also include a variety of warehousing

equipment like dust collection systems, conveyor material rollers, fork

trucks, man lifts, pallet wrappers, rotary screw air compressors and

banding machine.

Hobbyists and members of the public will be interested in the huge supply

of raw woodworking goods to be offered, including woods, glues, paints,

sanding supplies and saw blades, as well as the $150,000 finished goods

inventory and Echelon's tools, office furnishings and IT equipment.

Echelon Furniture opened in 2010, specializing in the production of fine

wood furniture. It supplied furniture to various specialty and department

stores, including JCPenney. Echelon Furniture and its sister company,

New Jersey-based Munire Furniture, both filed for bankruptcy in

September 2014.

The three-ring auction will be held on-site on Thursday, February 26 at 10

am (EST) at Echelon's former headquarters, 100 Munire Drive, Gas City, IN

46933. Online bidding will also be available on Key Auctioneers' website:

http://www.keyauctioneers.com/auction-detail/?id=249553. For more

information, contact Mark Pike, advertising manager, at 317-353-1100 or

mpike@keyauctioneers.com.

About Key Auctioneers

Key Auctioneers is a regional auction company headquartered in

Indianapolis. Key’s comprehensive asset disposition services include

auctions, appraisals, asset recovery, property management and

receiverships. Key provides services throughout the Midwest, including

Indiana, Illinois, Ohio, Kentucky, Missouri and Michigan.

Source: Key Auctioneers