Mirror Assets Sold During Public Auction
Many of Thomasville, N.C.-based Stroupe Mirror Co.'s assets, including
machinery and equipment, were sold during a public auction today
by order of the U.S. Bankruptcy Court, Middle District of North
Carolina. Among the many pieces of equipment up for auction, some
available a CNC pencil edge grinding and polishing line from Schaitti
Angelo; a Z. Bavelloni CNC Pattern edging machine; an Intermac CNC
in-line grooving machine; as well as CNC straight-line beveling
machines from Bovone. In addition, glass and mirror inventory, tools
and cutting equipment were also auctioned.
James Stroupe, president of the company, filed for Chapter 7 in
April, after declaring more than $2 million in liabilities. Among
its assets the company included $100,000 in machinery, fixtures,
equipment, and supplies used in business, and nearly double that
in its glass and mirror inventory, according to court documents.
USGNN.com was unable to reach anyone from Stroupe Mirror
for comment on the auction, but one industry source said the company's
liquidation was "symptomatic of the North American mirror industry
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