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 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 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 or