The assets of now-shuttered injection molder Aimet Technologies LLC will be sold in an online auction Aug. 13-15.
The auction for the Zebulon, N.C.-based company is being managed by the Branford Group, an industrial auction and valuation business based in Branford, Conn.
The sale includes 25 injection presses ranging in size from 40-1,100 tons, according to James Gardner, a partner at the Branford Group. The presses include a 1,100-ton hybrid electric model from Negri Bossi.
The company's 100,000-square-foot injection molding facility is also available for sale or lease.
Aimet Technologies was founded in 1993 by Dave Jackson. The injection molder primarily served the appliance, sporting goods, consumer goods, electronics and automotive markets. Customers included big names such as BMW AG, Ford Motor Co., General Motors Co. and Robert Bosch GmbH.
The company changed its name in 2015 from Aimet Technologies Inc. to Aimet Technologies LLC. In April 2015, Plastics News reported Aimet Technologies received funding from private equity firm Gallatin Equity Partners LLC.
As part of the investment, which enabled the company to buy its largest injection molding machine — the 1,100-ton Negri Bossi — Gallatin partner Tony Sturrus took over as president and CEO. Jackson stayed on as senior vice president of engineering.
It is not clear when Aimet Technologies officially closed its doors. Jackson did not respond to a request for comment on the company's closure.
In October 2017, the U.S. Department for Labor obtained a temporary restraining order against Aimet Technologies after an investigation found the company failed to pay minimum wage and overtime to its employees. The complaint sought to keep the company from shipping any products manufactured between June 19 and July 2, 2017.
Investigators from the department's wage and hour division found the company either failed to pay any wages to salaried employees or paid hourly employees at a rate less than 30 percent of their regular rates of pay, according to the news release. The department determined that 77 employees were due roughly $43,500 in minimum wage and overtime back wages.
In February 2018, the North Carolina Secretary of State revoked Aimet Technologies' certification of authority for failing to file an annual report.
