Surplus Assets from the

Timken Canada LP St. Thomas Facility

Assets of a World Famous Bearing Manufacturer

Date

Wednesday, May 22, 2013

Start Time

10:30 AM EDT

Inspection

N/A

Removal

N/A

Location

Timken Canada LP St. Thomas Facility
1055 Talbot Street, St. Thomas, Ontario, Canada, N5P 1G3

Industry

Machining

ASSETS OF A WORLD FAMOUS BEARING MANUFACTURER FEATURING: TOYO (2001) T-235 CNC inner ring, outer groove bearing grinder; (2)TOYO (1999) T-117N CNC centerless internal grinder; KITAKO MT4-200 4 spindle CNC turning center; MAZAK MULTIPLEX 620 twin spindle, dual turret, CNC turning center w/ live milling; MAZAK MULTIPLEX 420 twin spindle, dual turret, CNC turning center; MAZAK DUAL TURN 20 twin spindle, dual turret, CNC turning center; (8) MAZAK MULTIPLEX 410 twin spindle, dual turret, CNC turning centers; (2)OKUMA LB15II CNC turning centers; HEALD OCF90 controlled force internal grinder; GARDNER 2H30 double disk grinder; (6) HEALD ICF 90 centri-matic grinder; (5)CINCINNATI #1 centerless grinders; (2) INGERSOLL RAND air compressors; FANUC M-710i six axis robot; HYD-MECH S-20 horizontal bandsaw; HARDINGE HLV-H high precision lathe; DOALL 26 vertical bandsaw; MODERN universal milling machine; HARRISON VS330TR tool room lathe; BRIDGEPORT SERIES 1 & 2 vertical milling machines; WHEELABRATOR TUMBLAST shot blast cabinet; BLAKESLEE tunnel type parts washer; (8) Forklifts & reach trucks; MILLER MILLERMATIC 250 MIG welder; HYPERTHERM POWERMAX 1000 plasma cutter; MILLER GOLDSTAR 652 MIG welder; MILLER MILLERMATIC 350 MIG welder; GULCO 125 rod oven; SAMPSON LD-812U/H hydraulic box & pan brake; AMERICAN LINCOLN SC7740 LPG floor scrubber; TENNANT 528 LPG floor scrubber; KOCH KONSOL78 filtration system; AJAX temper machine; SIOUX steam cleaner; (2) MANITOWAC ice machines; GORMAN-RUPP pumps; ALSO: HUGE SELECTION of bearings, 50 + LISTA type tool cabinets, large quantity of jib hoists, 25+ electric hoists, pallet racks, metal tote bins, scales, electric motors, measuring & inspection equipment, and 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.

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