Core Systems assets for sale, again

04/19/2013

The assets of injection molder Core Systems LLC (Painesville, OH) are set to go up for auction again following the company's February closing after the Whirlpool Corporation terminated its contract with Core. The molder had two plants, one in Mount Gilead, OH and the company's headquarters plant in Painesville, OH.

The first time Core's assets came up for sale on April 2, there were only two lots: all the manufacturing assets in the Painesville facility in one, and the entire Mount Gilead plant and its contents in the other. Perfection Industrial Sales paid $4.33 million for the Painesville equipment, and $1.8 million for the Mount Gilead plant. Close to 350 were employed at Painesville, and 72 at Mount Gilead. The Mount Gilead plant produced parts exclusively for Whirlpool. Core Systems was formed in 1997 and besides Whirlpool, included clients such as Volvo Trucks, Collins & Aikman and Bosch-Seimens according to the company's website....
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