WestRock (Panama City)

2000+ Lot & 2 Day Multi-Million Dollar MRO Inventory Auction!



Tuesday, December 13, 2022 - Wednesday, December 14, 2022

Start Time

9:30 AM EST


Monday, December 12 from 7 AM to 5 PM. If you are unable to attend, our site staff can schedule a video call. Email info@corpassets.com to arrange.


All assets must be removed no later than Friday, December 30 by appointment only. Further details regarding shipping/packaging are listed below.


Pulp & Paper



Featured items include: HUGE (300+) QTY of GE QUANTUM, WESTINGHOUSE, GE, TOSHIBA, CANADIAN GE, SIEMENS and BALDOR ABB AC ELECTRIC MOTORS majority in BRAND NEW and rebuilt condition ranging from ½ HP to 2500 HP; TOSHIBA & GE specialty roller bearing AC electric motors suitable for side-load application; electric motor steel mounting pads; MASSIVE OFFERING of FAG, SKF, TIMKEN, NSK roller, spherical, needle, linear, thrust, pillow block and BABBITT bearings inventory; LARGE SELECTION OF GOULDS, GORMAN RUPP & WORTHINGTON centrifugal, fan and axial pump Stainless Steel & Titanium casings, rotary assemblies, stainless steel impellers and suction plates; ALLEN BRADLEY, SIEMENS & ABB VFDs ranging from ½ HP to 650 HP; SELECT FISHER, MASONELIAN, DSS and DEZURIK INVENTORY of Stainless Steel, Titanium and conventional power actuated and manual valves BRAND NEW AND RECONDITIONED ranging from 2" to 24" diameter; YOKOGAWA, FISHER, EMERSON ROSEMOUNT sensors, instruments, transmitters and DROs; LARGE QUANTITY of FALK, NORDGEAR, PLANET GEAR single, double shaft and planetary gear reducers; DRIVELINE & POWER TRANSMISSION COMPONENTS inclu ding sheaves, sprockets, BRONZE gears, BRONZE half split sleeves, pinions, universal joint shafts, roller chain and shafts; select inventory of PAD TYPE and DRY TYPE TRANSFORMERS including a BRAND NEW! VANTRAN (2020) TYPE CZ pad type transformer with 10,000KVA, 110KV/75KV13,800-7970-2400V, SUNBELT MFG PBH0960 pad type transformer with 1500KVA/13,800-480-277V, (3) NWL (as new as 2019) REF32636 transformer-rectifiers, spare transformer coil-cores; (20+) high and medium voltage wire spools; LARGE SELECTION of BRAND NEW VALMET & GL&V 222” WIDE felt, press fabric and dryer fabric; SPARE PARTS INVENTORY including but not limited to Stainless Steel and conventional plumbing fittings, flanges and elbows, fastening hardware, electrical, ALLEN BRADLEY, ABB and GE electronic parts, boards, supplies and components; ENERPAC electro-hydraulic portable power packs with hydraulic jacks up to 150 ton cap; lube systems and heat exchangers; nice selection of ferrous and non-ferrous surplus machinery, parts and inventory yard; hand tools, power tools and MUCH MORE!

Rigging and Removal Details

All assets must be removed no later than Friday, December 30 strictly by appointment only.

At this auction we are pleased to provide a courtesy loading service with the following terms:

  • The courtesy loading service only applies to items already palletized and/or crated.
  • The courtesy loading service includes staging and basic as-is loading at the door onto a customer-supplied suitable flatbed truck/trailer or dry van.
  • Removal will be scheduled on a “first paid – first served” basis.
  • For one-off, small items pre-packaged together or items already in boxes, as-is shipping can be arranged via UPS or FedEx pre-paid labels or a business account.
  • Time is of the essence – this courtesy loading service is available for items paid in full and removed within the deadlines stipulated. All delays in payment, scheduling, and pick-up will result in late charges in accordance with the Terms and Conditions of the Sale.


Additional Terms:

  • For non-skidded, loose and small items, crating, palletizing, and specialty packaging services are available on-site at extra cost. Contact  pickup@corpassets.com for assistance. 
  • Pallet break-down, consolidation, and re-pack services are available on-site for a fee. Contact  pickup@corpassets.com for assistance. 
  • Container loading, blocking, and bracing, together with overweight, over-size specialty packaging services are available on-site and will be billed extra. Contact  pickup@corpassets.com for assistance. 
  • Trucking and transportation services are available. Contact Chris with Fuze Logistics USA at 1-833-873-3893 ext. 463 or  machinerylogistics@fuzelogistics.com for a firm quote or any questions regarding transportation.
  • For cross-border logistic services please contact Imex Customs Brokers 905-712-8200.




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.


A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.
Pre-Approval by Corporate Assets Inc. will be required to participate in the sale. Potential Bidders must register and be approved (in person for Onsite auctions or online for Live Webcast auctions). Bidders may be asked to complete the "Buyer Deposit Form" and provide a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see above for applicable Buyer's Premium) and must be made by Interac e-transfers or Direct Bank Wire Transfer1.
To ensure approval as a Bidder, please contact us to make arrangements as far in advance of the sale as possible. The deposit must be received no later than 1 business day prior to the commencement of the sale2. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.


  1. Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.
  2. 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.

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.

Payment in full must be made before or immediately after the conclusion of the auction.
For International (Non-Canadian and Non-U.S. Residents) Buyers all payments and deposits shall ONLY be made by wire transfer.
For Canadian and U.S. Buyers, all payments can be made by wire transfer, certified cheque, bank draft, Interac Debit, Visa, Mastercard, Interac e-transfers, 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, Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.
  • Payment by way of Interac e-Transfers will ONLY be accepted for purchases from buyers whose total invoice does not exceed $25,000.
  • 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.

Removal Details

Applicable for all Purchasers, their employees, riggers, machinery movers, contractors, and agents who participate in the disconnection and/or removal of items purchased at auction.


Purchasers are responsible for removing all articles purchased unless an Exclusive Rigger* has been designated for the sale. “CI” on the purchaser’s invoice designates that a proper certificate of insurance is required before any item marked “CI” can be mechanically removed. Furthermore, properly authorized rigger release instructions, in writing, are required by Corporate Assets Inc.’s office before a Purchaser/Mover/Rigger can commence removal of these items. These forms can be downloaded below.





*For sales with Exclusive Riggers, removal fees will apply. Please refer to the posted Lot Catalogue for pricing. Fees do not include container loading, blocking/bracing, specialty packaging, shipping, or other services. Trucking and transport services may be available through a third-party supplier. More details below. The Buyer's Premium does not apply to posted rigging fees.

Shipping Services

For small items where a pallet isn't required or items are already in packages/boxes, Corporate Assets Inc. can arrange shipping via UPS or FedEx or using a buyer’s business account. The cost will be the responsibility of the buyer. Please contact pickup@corpassets.com to arrange.

* For shipping large items, trucking and transport services are available through Fuze Logistics Inc.
Fuze Logistics Services Inc.
Mr. Chris Tan

US Inbound Customs Brokers

*Cross border logistics, including fees and customs clearance, are available through third-party brokers.
Montgomery International Brokers
Bill Clune or Melanie Koerber
716.875.5100 EXT 105
Omega Customs Brokers Inc
Ralph Ronderos
305.592.5656 EXT 1005
ralph@omegacb.com or omegacb@omegacb.com