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USGNN Original StoryStroupe 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 right now."

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