Surplus Assets of

Samuel, Son & Co., Limited

450,000+ Sq.Ft Steel Processing Facility

Date

Wednesday, July 10, 2019

Start Time

10:30 AM EDT

Inspection

Tuesday, July 9 from 9:00 A.M. to 5:00 P.M. and morning of auction to start of auction.

Removal

Small items: Thursday, July 11 by 5:00 P.M. 
Remaining items: Wednesday, July 24 by 5:00 P.M.

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 surplus 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!

FEATURING: PRO-ECO 10,000LB capacity packaging line (disassembled for shipping); BRONX 7838 Hydraulic up-acting crop shear with 1/2" X 84" capacity; MAUST 60" wide in-line sheet leveler; SOUTHWORTH 60,000lb capacity coil car; LITTELL S600-54 hydraulic un-coiler; LITTELL 54" wide feed roller; PRO-ECO & HERR-VOSS hydraulic 60,000lb 4 arm turnstiles; ALCOS LBT-10K-72 power roller conveyor; PRO-ECO HSW-LD-2-1 hydraulic scrap rewinder; (3) ALCOS hydraulic stackers; (2) 5' X 12' material transfer carts; SCHELLING FS-M 430/750 aluminum plate saw; (2) KASTO HBA-420 automatic horizontal band saws; KASTO HBA-A-6X10 CNC automatic horizontal band saw; KASTO U3 automatic vertical plate saw; HEM WF-160LA-DC wide flange automatic horizontal band saw; HYD-MECH S-20A SERIES III horizontal saw; HEPBURN 1500T hydraulic straight side press (disassembled for shipping); MESSER MPC2022 4 head plasma cutting system; VDF 20” x 106” engine lathe; ARBOGA ER-830 3' radial arm drill; NIAGARA 148GD power shear; (15+) DEMAG and P&H overhead bridge cranes up to 16T capacity and 72’ spans; SILENT HOIST FKS-15 30,OOOlb LPG forklift; (2) RAYMOND 75SL100TN electric side loaders; CATERPILLAR CG70K1 15,500lb LPG forklift; HYSTER S120XL 12,000lb LPG forklift; HYSTER S80XL 8,000lb LPG forklift; HYSTER S-70XL 6,500lb LPG forklift; HYSTER E50XL 4,500lb electric forklift; (12+) ‘C’ hooks & stands with capacities 20,000 – 64,000lbs; ELT 30,000lb capacity skid lifter; 25,000lb capacity adjustable plate lifter; ANVER 82001142 power vacuum lift with 10,400lb capacity; CATERPILLAR D100P1 125 KVA diesel back-up generator; (70+) SECTIONS of double sided H.D cantilever storage racking; FACTORY-CAT 40 Electric floor scrubber/sweeper & 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.

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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