Surplus to the Ongoing Needs of

Crown Food Packaging

Surplus Assets of a Large Food Packaging Manufacturer



Tuesday, September 25, 2012

Start Time

10:30 AM EDT






SURPLUS ASSETS OF A LARGE FOOD PACKAGING MANUFACTURER FEATURING: CINCINNATI #4 horizontal milling machine; CINCINNATI universal milling machine; VARNAMO U2 universal milling machine; RAMBAUDI V2 vertical turret milling machine; OKUMA LS 24x78 engine lathe; MONARCH 18x78 engine lathe; MONARCH 15x54 engine lathe; AXELSON #2356 22x78 engine lathe; HERB&MOORE 20x55 engine lathe; SCHAUBLIN 102N bench type precision tool room lathe; SCHAUER VB1 speed lathe; BROWN&SHARPE #13 universal cylindrical grinder; NORTON 16x6 manual surface grinder; CINCINNATI #20 horizontal shaper; HYSTER 80XL2 7100 lbs lpg forklift; TOYOTA 42-4FGC25, 4000 lbs lpg forklift; (3) LEE B566-2000 electric pallet lifts; TENNANT 25/2300 ride-on lpg floor sweeper; (2) LAKE INDUSTRIES hydraulic waste balers; (6) BUFFALO and CLAUSING floor type drill presses; WHITNEY-JENSEN 72"x 10GA box and pan brake; WYSONG #1252, 52"x12GA mechanical shear; PEXTO and NIAGARA foot shears; MILLER SHOPMASTER 300AC/DC portable MIG/ARC combination welder; (2) LINCOLN IDEALARC 250 portable arc welders; (3) SOUTHWORTH 8000 lbs 36"x48" hydraulic scissor-lift tables (NEW NEVER USED); (5) FAMCO #4 arbor presses with stand; HANSFORD #1020 portable 8000 lbs die handler; (2) SULLAIR 10-40, 40 hp rotary screw air compressors; (2) SULLAIR RSVS-16, 40 hp rotary screw air compressors; TWISTAIR JOY rotary screw air compressor; COMPAIR CRS200 rotary screw air compressor; (3) GE D752451-57K 12KV to 480V, 250 KVA transformers; (3) ALLIS CHALMERS, 12KV to 480V, 200 KVA transformers; ALSO: large qty of power tools, B&D magnetic base drill; (40) 40"x24"x24" rolling steel bins;(20) 72"x36"x48" rolling bins; large qty of electrical and electronic spare parts and components; ALLEN BRADLEY PLC's and variable speed drives; large qty of bearings and driveline components; (10) hydraulic pallet trucks, large qty of electric motors up to 40HP, (4) AVK WAS80/125 self regulating generators; large qty of inspection equipment and oscilloscopes; SIMPLEX jacks, chain hoists, large qty of LISTA style shop tables and more!


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.






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.



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

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Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: 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