Assets of the Former

Kellogg’s London Facility

A Multi-Million Dollar & Unprecedented 3 Day Global Auction Event!

Date

Tuesday, August 18, 2015 - Thursday, August 20, 2015

Start Time

9:00 AM EDT

 

Inspection

Monday, August 17 from 9:00 A.M. to 5:00 P.M. and morning of auction to start of auction.

Removal

Small items: Friday, August 21 by 5:00 P.M.
Remaining items: Thursday, Sept. 10 by 5:00 P.M.

Location

Kellogg’s London Facility
100 Kellogg Lane, London, Ontario, Canada, N5W 2T5

It is with great pleasure to announce Corporate Assets Inc.'s recent acquisition of the assets within the former 1M Sq. Ft Kellogg's ready-to-eat cereal plant in London, Ontario. This facility began production in the early 1920's, and has undergone hundreds of millions of dollars in upgrades throughout the years, making it a technologically advanced and high volume/grade food producing facility. Corporate Assets Inc. will be conducting a live onsite and simultaneous webcast 3 DAY public auction on August 18th, 19th and 20th of this year, with hundreds of expected buyers to be participating globally. The facility was extremely well maintained, and an enormous offering of pristine and high quality assets will be available for sale in this MASSIVE 3 DAY AUCTION EVENT!

A brief summary of assets to be sold include: (8) Shredding Mills, (7) Angular cookers, (5) Pellet & (17) Flaking mills, (8) Rice cookers, (2) Allis Chalmers Mills, (3) Bran cookers, (7) Cereal cookers, (2) Toasting Ovens, Wheat cooker, (2) Mill Lappers, (1) Transverse Cutter. Also Packaging and processing departments; Large quantity of S/S jacketed tanks with agitators, kettles, holding tanks, blenders etc..; Numerous machining & maintenance departments; OVER 70 pieces of rolling stock to include forklifts, man lifts and sweepers new as 2010!; FACILITIES SUPPORT BUILDINGS; BRAND NEW stores & spares departments consisting of motors, pumps, valves, fittings, bearings, tools, hardware etc. (A MULTI-MILLION DOLLAR REPLACEMENT COST); APPROX 3000 S/S and aluminum 5'x5'x5' material handling totes; 1000+ stackable plastic parts bins; HUGE OFFERING OF ELECTRICAL MCC & TRANSFORMERS throughout the facility; Miles of powered roller conveyor; HUGE QUANTITY OF ADJUSTABLE RACKING & AUTOMATED DELIVERY SYSTEMS, and MUCH MORE!

COMPLETE LOT LISTINGS NOW LIVE ON BIDSPOTTER!




PRESS COVERAGE FOR THE KELLOGG'S 3 DAY EVENT



REGISTER EARLY TO SAVE TIME!

BIDDING ONSITE?
Register onsite on Monday, August 17 from 9:00 A.M. to 5:00 P.M. to save time!

BIDDING ONLINE?
Register at www.bidspotter.com

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