IRC Tool & Mold

State of the Art Tool & Mold Facility Closure

Date

Thursday, August 8, 2019

Start Time

10:30 AM EDT

Inspection

Wednesday, August 7 from 9:00 A.M. to 5:00 P.M. and morning of auction to start of auction.

Removal

Small items: Friday, August 9 by 5:00 P.M. 
Remaining items: Friday, August 23 by 5:00 P.M.

Location

IRC Tool & Mold
2882 Kew Drive, Windsor, Ontario, Canada, N8T 3C6

Industry

Machining

Corporate Assets Inc. is pleased to announce its recent acquisition of IRC Tool & Mold—an exceptionally well maintained and late model Tool & Mold Facility in Windsor, Ontario, perfectly situated on the Canada/USA border. This offering features a 2017 5-Axis CNC Gun Drill that was purchased new for $750,000; 5-Axis CNC machining equipment; large capacity CNC EDMs; large capacity CNC vertical machining centers & more! Further information of the sale will be coming soon.

A brief summary of assets are as follows: IMSA (2017 – LOW HOURS & LIKE NEW) 1250/2FL, 5-Axis CNC high precision gun drill; MAZAK (2013) VCU 400A-5X, 5-Axis CNC high speed universal machining center w/ 12,000 RPM; MAZAK (2014) NEXUS 700D/40-IIHS, high speed CNC vertical machining center w/ 18,000 RPM & thru spindle coolant; MAKINO (2015) F5, high speed CNC vertical machining center w/ DONALDSON ventilation system; HAAS (2013) VF7, CNC vertical machining center w/ 7500 RPM & thru spindle coolant; HAAS (2012) VF3, CNC vertical machining center w/ 8500 RPM; HAAS (2009) EC1600, CNC horizontal machining center w/ 10,000 RPM & thru spindle coolant; HAIMER POWER CLAMP heat shrink tool setter; MAKINO (2016) EDNC 8, high performance CNC sinker type EDM w/ 16 station tool changer, 3R system & high speed Rib Head; MAKINO (2012) EDAF 3, high performance CNC sinker type EDM w/ 16 station tool changer & 3R system; 200 TON Hydraulic spotting press w/ shuttle table, tilting platen (RECENTLY REFURBISHED); CLAUSING COLCHESTER gap bed engine lathe; BRIDGEPORT vertical milling machine; KAO MING KMR 980, 3’ radial arm drill; (2) KENT surface grinders; CAROLINA horizontal metal band saw; DECKEL tool & cutter grinder; LINCOLN TIG175, TIG welder; TOYOTA 4950 LB capacity outdoor LPG forklift w/ sideshift; KAESER TC36, refrigerated air dryer; LARGE OFFERING OF high speed precision tool holders, rolling tool cabinets, (2) CONAIR temperature control units, shot blast cabinet, precision inspection equipment, precision tooling & machine tool accessories, EDM tooling, drilled & tapped sub tables and angle plates, rolling stock, general factory support equipment & MORE!

AUCTION CONDUCTED BY CORPORATE ASSETS INC. PROUDLY IN CONJUNCTION WITH:

ONSITE & ONLINE

Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE


Payment

-WEBCAST (REMOTE) BIDDERS

Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.

-GENERAL

All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

A Buyer's Premium of 16% for all onsite bidders and 18% for all Webcast (Remote) bidders will apply at this sale.

THIS SALE WILL BE CONDUCTED IN USD.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details


Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: info@corpassets.com for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.


Download Proxy Bid Form