HOUSTON, June 21, 2022 /PRNewswire/ — With the recent closure of Dril-Quip, Inc.’s Forging, Conventional Machining and Metallurgy Lab, all related equipment will be auctioned on Tuesday, June 28, 2022.

Auctioneer John Harris, Jr. (TX License # 18210) from Harris Auctions, a recognized name in the US industry and beyond, will oversee the live webcast and online auction.

Dril-Quip, Inc. (NYSE:DRQ) continues to thrive in its role as a leading oilfield services company. However, due to the ever-changing oil and gas market, they recognized that the forge facility was no longer needed as the core of their manufacturing model going forward. Liquidating the entirety of that specific location is in their best interest.

All assets are currently located in Northwest Houston where private inspections are available by appointment and a general inspection is scheduled for June 27 at the establishment. You can call 713-462-5800 for more details, as well as make pre-auction offers that will be considered for major assets.

From forging presses and manipulators to ring rolling mills, car bottom and box furnaces, motorized lathes and milling machines, vertical turret lathes and boring mills, CNC machines and metallurgical inspection – over 1 million pounds. of open die tooling – a massive selection will be available.

“We are honored to hold an auction like this that offers some of the rarest, highest quality gear to see on the open market in decades,” said John Harrispresident of Harris Auctions.

Since 1981, Dril-Quip has developed a reputation for innovation and quality. This mentality permeated its manufacturing base and manifested itself in all Forge factory assets.

“This is truly a once-in-a-lifetime opportunity for our friends and customers around the world,” added Harris. “Plant managers and equipment buyers should take note. This auction of exceptional Dril-Quip machinery is going to provide businesses with a comprehensive catalog to choose from.”

To discover all the available equipment that will be sold on June 28 in the forge, conventional machining and metallurgical laboratory, download the brochure or visit our official website Bid Spotter page to view the online catalog. do not forget to register here be and be 100% ready to start bidding when the date arrives.

About Harris Auctions

Based at Houston, TX, Harris Machine Tools, Inc. has quickly become an international leader in the used metalworking market. More recently discovering a way to better serve its customers, the family business underwent a transformation that branched out from the roots of their historic dealership. Become experts in the management of surplus assets, Harris Auctions was formed. Their manufacturing equipment auctions, online or on-site, take place several times a month and reach a vast audience of industry bidders from virtually all over the world.

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SOURCE Harris Auctions