Asset Exchange, an Illinois Corporation with offices in Chicago, Illinois and remarketing facilities in Libertyville, Illinois, was formed in early 2001 with a strategic focus in trading CNC and manual machine tools as well as fabricating and plastics machinery.
Asset Exchange is a technology services provider focused in the trade and evaluation of metalworking and plastics machine tools used in heavy industrial applications. The company trades idle assets worldwide for reutilization in a broad range of industries, including automotive, aerospace, consumer products, leisure and sporting goods, construction, electronics, food, healthcare, and telecom manufacturing.
Asset Exchange provides acquisition solutions that build flexibility into manufacturing and production processes, and optimizes return on net asset performance. Our asset management division has assisted thousands of companies, improving their return on investment by effectively remarketing their capital assets in the global marketplace.
Gregg Schwartz, President A/E Trade, began his career at IPC/Levy Appraisers & Auctioneers, which was his stepping-stone to becoming an accredited appraiser certified by the Association of Machinery & Equipment Appraisers (AMEA). After leaving IPC/Levy Gregg joined Raco Industrial Corporation. Raco was, one of the world’s leading machine tool dealerships. Gregg specialized in the procurement and sales of CNC and conventional milling, drilling, boring, turning, forming and fabricating equipment, both new and used.
Gregg’s many joint venture and strategic partner alliances throughout the industry helped him earn the respect and credibility to achieve and hold the office of Vice Chairman of the Machinery Dealers National Association (MDNA) from 1994 - 2000. Gregg is heavily networked in the worldwide machinery dealer/broker arena, and maintains a substantial, qualified base of customers in a broad range of industrial specialty fields.
In 2000, Gregg was recruited by Comdisco Inc. NYSE: CDO to provide the intellectual property for the development of Comdisco Manufacturing Solutions (CMS). Gregg as Vice President directed the business unit, surpassing key milestones making it the fastest growing start up in the division. CMS was a technology trading and finance business unit that provided flexible acquisition solutions, equipment lifecycle management, and disposition strategies to top tier corporations, helping them increase their return on net asset performance.
Lon Goldman, President, A/E Auction Services has a 40-year background in the industrial machine tool business. He has spent time in Europe and the U.S. working with major manufacturing concerns on both the acquisition and disposition of their machine tools and related plant equipment. Lon has been instrumental in the trade of approximately $100,000,000.00 of industrial assets. He later acquired the Norman Levy Company, which grew to be one of the world’s largest international industrial auction houses.
Jordan Lohn, Vice President, A/E Trade began working in his family’s company, Lohn Machinery Co., Inc. in 1980. Jordan rapidly developed an appreciation of the technical aspects of machine tool use and machine shop practice, and by the late 1980’s he came to be regarded among machinery dealers as an individual who could be counted on to fairly and accurately represent the equipment in which he dealt. In the 1990’s, working along with Raco Industrial Corp., Jordan acted as project manager for several large-scale machine tool retrofits. These projects highlighted his ability to integrate human and technical resources, enabling quality results to be achieved within extreme time constraints and without budget compromises. After taking time off from the business beginning in 2000 Mr. Lohn subsequently returned to his roots as a machine tool dealer, working as a salesman at Gray Machinery Co. for a portion of 2003. Seizing an opportunity to more thoroughly highlight his range of skills he joined the Asset Exchange Corp. in late 2003.
Mitchell Zamost, President A/E MWT Division has been trading machine tools and fabricating equipment worldwide since 1987. Mitchell has been active in the Machinery Dealers National Association since 1997. Mitchell has been active in developing international trade relationships, with a focus in Latin America. He was a pioneer in the formation of the Norman Levy Online Auction Company, now DoveBid Business Auctions. Mitchell was also Director of Business Development for Esprocket.com.
Mark Harris, Vice President, Sales AE Trade brings 10 years experience to Asset Exchange Inc. Asset Exchange had attempted to recruit Mark for 4 years and is proud to finally announce his arrival early May 2005. Mark previously led the sales force at Machinery Supply Inc & CFI Technologies. Both companies were stocking dealers for new & used CNC machinery. Mark has specialization in Cnc Chip making including Cnc Machining Centers and Turning Centers as well as Cnc Boring Mills. Mark also has a vast knowledge of manual equipment machine tools and fabricating. Mark practiced in the MDNA (Machinery Dealers National Association) for six years and continues to adhere to the ethical guidelines of this trade association. Asset Exchange is looking to Mark to play a key role in the '05 trade organization expansion.
Edna Alvarado, Executive Administrator, AE Trade came to Asset Exchange Inc in 2004 with 3 years in the auction and appraisal business with Koster Industries. Prior to working with us, Edna was part of the International Department at Comdisco Inc. Edna worked closely with the department heads in the equipment leasing business units. Edna also has 21 years in finance such as Merrill Lynch, Kemper Securities, Prudential Securities, and N.K.A. Wacovia Securities, and Dain Bosworth. Edna handles our financial transactions, account payable, receivable, and collections. She also assists in our Latin America and Mexican markets.
Steven Vasquez, Junior Asset Manager, Sales, AE Trade, was acquired from the quality and inspection department at Ford Visteon. Since his arrival in early 2006, Steven has been active in the procurement and sale of metalworking machinery, fabricating equipment, and CNC and plastic injection molding machines. As of 2009, Steven continues to make a significant contribution in maintaining Asset Exchange’s competitive edge.
Scott Tyler, A/E Auctions and Appraisals, Scott the newest member to the appraisal group has six years experience in the Machine Tool, Plastics and Packaging industry. Scott has worked for 3 MDNA members and has gathered significant experience in the trade. Scott also has a strong advertising and marketing background with Fortune 500 companies including CBS and Infinity Broadcasting.
Looking To The Future
With the recent acquisition of 40,000 square feet of modern, well-lit industrial space near Chicago’s O’Hare International Airport, Asset Exchange Corp. is poised to expand its inventory of late-model, well-maintained chip-making and fabricating machine tools. The company’s stable financial base is assurance to the customers of both our equipment and services that our ongoing commitment to serve the manufacturing sector will not be interrupted by the cyclicality of many of its sub-sectors, nor the vagaries of financial markets. Whether the need be for industrial auction services, the immediate sale or remarketing of individual machine tools, or a premium source offering combined storage-and-remarketing capability, Asset Exchange Corp. will always offer a solution designed to maximize the client’s return on investment.
The Machine Tools In Which We Deal
The Asset Exchange Corp. has a high degree of familiarity with the following types of machine tools:
Fabricating machines: brake presses, power squaring shears, punch presses, rollformers.
Grinding machines: centerless grinders, cylindrical grinders, double disc grinders, jig grinders, surface grinders, way grinders.
Injection molding machines: liquid injection molders, plastic injection molders, rubber injection molders
Chip-making machines: drills, horizontal mills, universal mills, vertical mills, engine lathes, vertical turret lathes.
CNC fabricating machines: CNC brake presses, CNC lasers, CNC turret presses, CNC combination laser / punch machines.
CNC machine tools: CNC drill and tap machines, CNC EDM’s, CNC horizontal machining centers, CNC vertical machining centers, CNC vertical mills, CNC jig mills, CNC lathes, CNC turning centers.
Superfinishing machines: horizontal hones, vertical hones, bore sizing machines, lapping machines.
The Asset Exchange Corp. often has in stock and available for immediate delivery machine tools and fabricating machinery built by the following manufacturers:
Accurpress, Accurshear, Agie, Amada, American Hercules, American Tool Works, Blanchard, Bliss presses, Bridgeport, Charmilles, Chevalier, Chicago, Chiron, Cincinnati Machine, Cincinnati Milacron, Citizen, Daewoo, Dadson, Dainichi, Dake, Deka, Dixi, Dreis & Krump, Eagle Presses, Eldorado, Enshu, Euroturn, Fadal, Fanuc, Favretto, Finn Power, Frauenthal, Giddings and Lewis, Gildemeister, Greenerd, Haas, Hardinge, Harrison, Herr Voss, Hitachi Seiki, Hurco, Husky, Ikegai, Ingersoll Milling Machine, Kaltenbach, Kasuga, Kellenberger, Kia, Kitamura, KOMO, Koyo, Landis, Leadwell, LeBlond, Lucas Precision, LVD, Magerle, Makino, Mattison, Matsuura, Mazak, Mighty, Milltronics, Minster, Mitsubishi, Mitsui, Mitsui Seiki, Miyano, Monarch, Mori Seiki, Nakamura, Nakamura Tome, Nardini, Niigata, Nisshinbo, Okuma, Okuma & Howa, Pacific, Parpas, Quantum, Rambaudi, RAS, Romi, Salvagnini, Sodick, Star, Studer, Strippit, Takisawa, Takamatsu, Techno Wasino, Toshiba, Tongil, Tree, Trumpf, Tsugami, Van Dorn, Wasino, Wotan, Wysong, Wysong & Miles.
(We are always in the market to buy used machinery, used machine tools, used CNC machine tools and used fabricating machinery. We also offer machine tool auction services, complete manufacturing plant auction services, machine tool appraisals and complete manufacturing plant appraisals. Please contact us via telephone or e-mail. All of our personal are ready to assist with your particular requirements.)