Former Assets of

Samuel, Son & Co., Limited

450,000+ Sq.Ft Facility Closure!

Date

June TBD, 2019

Start Time

TBD

Inspection

Details coming soon!

Removal

Details coming soon!

Location

Samuel, Son & Co., Limited
2360 and 2304 Dixie Road, Mississauga, Ontario, Canada, L4Y 1Z7

Industry

Fabricating

Corporate Assets Inc. is offering for sale by public auction, the former assets of Samuel, Son & Co., Limited, a globally recognized steel processing facility in the heart of Mississauga, Ontario. The 450,000+ Sq. Ft facility is equipped with well maintained steel processing machinery, heavy capacity overhead bridge cranes, a tremendous amount of production support equipment & much more!

Pre-sale offers will be entertained, and a brief summary of the major assets are as follows: HERR VOSS 64” x .060” x 40,000 lb tension leveling line; ALCOS/HERR VOSS 72” x .275” x 64,000 lb multi-blanking cut to length line; PRO-ECO 62” x .135” x 64,000 lb cut to length line; PRO-ECO 66” x .134” x 60,000 lb (3) injector head type slitting and coil packaging line; ALCOS/HERR VOSS 72” x .125” x 64,000 lb injector head type slitting line; BRONX 6 roll tube straightener; HYD-MECH S-20A, horizontal saw w/ hydraulic bundling; (4) KASTO horizontal saws w/ hydraulic bundling; (15) DEMAG and P&H overhead bridge cranes to 20 Ton capacity; SILENT HOIST 30,000 lb indoor LPG forklift; (5+) HYSTER & TOYOTA LPG forklifts up to 15,000 LB; (2) ANVER vacuum sheet lifters; SCHELLING horizontal wood production saw; CINCINNATI mechanical shear; LARGE OFFERING OF STEEL PROCESSING LINE COMPONENTS FEATURING: Injector & standard type slitting heads, hydraulic mandrel type uncoilers, coil cars, straighteners, shears, coil bundle packaging line & re-coilers etc.; LARGE OFFERING OF: C-Hooks & Coil lifting devices, heavy duty spreader beams, (5+) 15 ton lifting totes, roll formers, HYPERTHERM plasma power sources, HUGE QTY of heavy duty cantilever material storage racking, high bay adjustable pallet racking, heavy capacity material transfer carts, SPARE PARTS DEPARTMENT consisting of bridge crane & slitting line accessories, machine shop and maintenance departments, RAYMOND narrow aisle reach trucks, general factory support equipment & MUCH MORE!

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 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