Racine manufacturer’s assets to be auctioned

Vobeda Machine & Tool closed after retirement

manufacturing welder welding

Last updated on July 7th, 2019 at 02:31 pm

The assets of Racine-based Vobeda Machine & Tool Co. will be auctioned off later this month. The business closed due to retirement of its ownership.

manufacturing welder welding

The auction of the late-model assets of the computer numeric control shop is being run by New York-based Tiger Capital Group. Online bidding will begin July 19 and will close in rapid succession, live auction style, on July 25, beginning at 10:30 a.m.

Previews of the assets will be available from 10 a.m. to 4 p.m. July 25 at Vobeda’s facility at 3801 Blue River Ave., Racine.

The offering from the shuttered die cast and mold making company includes machining, milling, turning, and other machinery, plant support equipment, and office furniture.

Matthew DelGuidice, senior vice president of Tiger’s commercial and industrial division, said CNC job shops and companies with in-house repair and maintenance operations would likely be interested in the sale.

Vobeda’s 12,200-square foot building is being offered for sale or lease by Houses to Homes Real Estate, LLC. The building sits on 0.52 acres, zoned I-1.

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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