(Court Approved)

Formula Solutions Inc.

State-of-the-Art Aerospace Components Manufacturing Event

 

Date

Wednesday, June 25, 2025

Start Time

10:00 AM EDT

Inspection

Tuesday, June 24 from 9 AM to 4 PM EDT.

Removal

All assets must be removed no later than Thursday, July 31 by appointment only. Rigging details to follow.

Industry

Machining
 

State-of-the-art commercial aerospace & high end automotive VARTM carbon fiber and composites manufacturer.

Corporate Assets Inc. is pleased to announce the unique acquisition opportunity of a state-of-the-art carbon fibre composites engineering and manufacturing facility, specializing in Vacuum Assisted Resin Transfer Moulding (VARTM) and serving the commercial aerospace, industrial, and high-end automotive industries.

FEATURING:(3) CMS (2022) ARES 4818 APC PX5-Z1200 5-axis, high-speed twin pallet gantry-type CNC machining centers; CMS (2019) ANTARES 2615 PX5 5-axis, high-speed gantry-type CNC machining center; ROBOTICOM (2021) SANDROB ABB advanced robotic surface finishing system; PROMATION ENGINEERING (2022) PX2008-SP2 high efficiency robotic core casting & finishing line with (2) HANEL (2022) LEAN-LIFT storage and retrieval systems, (2) YASKAWA (DEC 2021) GP110 YR-1-06VX110-A00 6-axis robots, CHARLES A HONES (2022) 1017-B BUZZER pot melting oven, PROMATION ENGINEERING (2022) 6-station automatic casting machine; LECTRA GERBER TECHNOLOGY (2023) DCS 2600 high speed low ply cutting CNC system; AXYZ AUTOMATION INC (2018) AXYZ SERIES 5012 CNC table router; AXYZ AUTOMATION INC (2018) PACER 5010 high speed CNC table router; HEXAGON (DEC 2018) RA8 V1 ABSOLUTE 7-axis arm with HEXAGON RS5 LASER 3D scanner; CMM XYZ 12.20.10 MICRON II slant bridge CMM; GRIEVE (2022) WRC686-500 60 kW convection oven; PARK THERMAL 60 kW batch oven; RAYMAR INDUSTRIAL (2018) 12' W x 21' L x 9' H cross draft paint booth; WET TECHNOLOGIES (2023) wet blasting cabinet; KEERTEK (2022) JET-FE78 rotary parts washer; (2) DIVERSITECH (2022) DD3X8 (HEPA) down draft sanding tables; (2) DIVERSITECH (2023) FRED CARBO snorkel fume extractors; (3) EUROVAC (NOV-2022) 40 HP dust collectors; (3) EUROVAC (NOV-2022) 20 HP dust collectors; (2) EUROVAC (NOV-2022) 15 HP dust collectors; TOYOTA 4,400 LB forklift; SKYJACK SJ3226 scissor lift; O'BRIEN (2023) freestanding bridge crane system; (3) ) GLOBAL (2022) SIZE 8X120 portable A-frame gantries; (2) DCA (2023) MODEL 230238 alloy recovery systems; (8) RITEHETE (2021) VSR 120 melting pots; STRONGCO 136' L x 28.5' W x 10' H modular rectangular clean room; SUMIT 13.5’ W X 28’ L x 8’ H modular walk-in room; OILON (2023) P220 industrial heat pump; (2) METAL PRESS (2024) THC-D-24 hot oil temperature controllers; (2) REGLOPLAS (2023) PL160 digital pressurized water temperature controllers; (2) AEROEX (2023) ARO-2500 mist collectors; COLD JET (2022) PCS 60 dry ice blasters; KAESER (2023) BSD 50 air compressor; US AIR COMPRESSOR (2022) US50/X26 50 HP air compressor; US AIR COMPRESSOR (2020) US50 air dryer; KENT KTM-380 milling machine; MAKITA cut-off saw; LINCOLN ELECTRIC welder; CYCLONE sandblaster; REVERSE AIR SYSTEMS portable down draft table; (26+) heavy duty closed die holder carts; (3) 4,000 lb. capacity portable A-frame gantries; (3) sections of adjustable pallet racking; Storage cabinets, fireproof cabinets, stainless steel work benches, worktables, rolling lab bench, toolboxes with hand tools, shop carts and supplies, sanding perishables, bench-type combination sander/grinder, banding cart, paint pumps & mixers, spare EUROVAC components, digital floor scale, material cage, propane cage, 2 TON engine hoist, parts system, DEWALT miter saw, drill press, floor scrubber, and MUCH MORE!

Rigging and Removal Details

THE EXCLUSIVE MACHINERY AND EQUIPMENT RIGGER FOR THIS SALE IS:
Titan Machinery Movers
Jordan Whicher
C: 905 875 9768
[email protected]

All assets must be removed no later than Thursday, July 31. For everyone’s safety, removal at this site is conducted strictly by appointment only. All buyers must contact Jordan Whicher [email protected] to set their pick-up appointments upon payment in full. No walk-in removal will be permitted on this site. Buyers and/or drivers without an appointment or outside of their allotted time slot will be turned away.


*Further information on removal details can be found in the Terms & Conditions tab or in the Lot Catalogue.



TRUCKING AND TRANSPORT SERVICES:

Trucking and transport services, including cross-border logistics, are available through Fuze Logistics Inc. Please contact Chris Tan for a firm quote or any questions regarding transportation.

Fuze Logistics Services Inc.
Chris Tan
941-702-3310
[email protected]

   

 

5-AXIS HIGH SPEED TWIN PALLET GANTRY TYPE CNC MACHINING CENTERS

  • CMS (2022) ARES 4818 APC PX5-Z1200 5-axis, high speed twin pallet gantry-type CNC machining center with FANUC 31i SERIES B CNC touch screen control and remote assistance ready, (2) 85.04"x53.54" drilled and tapped shuttle pallets, travels: X - 188.98"; Y - 70.87"; Z - 47.24"; B - +/- 120 degrees; C - +/- 270 degrees, liquid cooled spindle, spindle speeds to 24,000 RPM, HSK63F spindle taper, 8-station ATC, RENISHAW tool calibration system, full enclosure with safety light curtains, 400v/3ph/50-60hz, s/n: BD33
  • CMS (2022) ARES 4818 APC PX5-Z1200 5-axis, high speed twin pallet gantry-type CNC machining center with FANUC 31i SERIES B CNC touch screen control and remote assistance ready, (2) 85.04"x53.54" drilled and tapped shuttle pallets, travels: X - 188.98"; Y - 70.87"; Z - 47.24"; B - +/- 120 degrees; C - +/- 270 degrees, liquid cooled spindle, spindle speeds to 24,000 RPM, HSK63F spindle taper, 8-station ATC, RENISHAW tool calibration system, full enclosure with safety light curtains, 400v/3ph/50-60hz, s/n: BD35
  • CMS (2022) ARES 4818 APC PX5-Z1200 5-axis, high speed twin pallet gantry-type CNC machining center with FANUC 31i SERIES B CNC touch screen control and remote assistance ready, (2) 85.04"x53.54" drilled and tapped shuttle pallets, travels: X - 188.98"; Y - 70.87"; Z - 47.24"; B - +/- 120 degrees; C - +/- 270 degrees, liquid cooled spindle, spindle speeds to 24,000 RPM, HSK63F spindle taper, 8-station ATC, RENISHAW tool calibration system, full enclosure with safety light curtains, 400v/3ph/50-60hz, s/n: BD36

5-AXIS HIGH SPEED GANTRY TYPE CNC MACHINING CENTER

  • CMS (2019) ANTARES 2615 PX5 5-axis, high speed gantry-type CNC machining center with FANUC 31i SERIES B CNC touch screen control, 96.42" x 55.04" T-slot table, vacuum clamping assist ready with pump and manifold options installed, travels: X – 102.36"; Y – 59.05"; Z – 47.24"; B - +/- 120 degrees; C - +/- 270 degrees, liquid cooled spindle, spindle speeds to 24,000 RPM, HSK63F spindle taper, 8-station ATC, RENISHAW tool calibration system, full enclosure with safety interlocks, 400v/3ph/50-60hz, s/n: 9757

ADVANCED ROBOTIC SURFACE FINISHING SYSTEM

  • ROBOTICOM (2021) SANDROB robotic sanding, polishing and finishing system with ROBOTICOM ARPP DYNAMIC ACTIVE force feedback system, ABB IRB 4600 40/2.55 6-axis robot with 88 lbs. payload capacity, IRC5 robot control with wired touch screen teach pendant, pre-setting laser, 4-station ATC, automatic end-effector tool selector, end-effector & paper disc storage, t-slot fixed work table, ROBOTICOM 16.4'W x 16.4'L x 11.5"H full work enclosure with 72” x 80” double access door with safety interlocks, 480v/3ph/60Hz, s/n: R21000259D

HIGH EFFICIENCY AUTOMATIC CORE CASTING LINE

PROMATION ENGINEERING (2022) PX2008-SP2 high efficiency robotic core casting & finishing cell with SIEMENS SIMATIC HMI touch-screen PLC control (may be offered as a complete line or by components), s/n 20220410MCP
Consisting of:

  • (2) HANEL (2022) LEAN-LIFT twin tower automatic vertical lift storage retrieval systems with digital touch screen PLC control, (61) 40” W x 112” L x 6” H shelves with 1,103 lbs. capacity per shelf, 88,200 lb. max. total loading capacity, front & rear operator access points with automatic roll up doors and light curtain safety interlocks, s/n: n/a; n/a
  • (2) YASKAWA (DEC 2021) GP110 YR-1-06VX110-A00 6-axis robots with 220 lbs. payload capacity, (6) mold gripper and transfer attachment, YRC1000 controls with touch screen wired teach pendants, s/n R21020-432-1, R21020-352-1;
  • CHARLES A HONES (2022) 1017-B BUZZER electric rectangular pot melting oven with THERMON digital microprocessor controller, 12” W x 24” L x 24” H pot, 3,500 lbs. tin melting capacity, 1250 deg F continuous duty rating, s/n 255340;
  • PROMATION ENGINEERING (2022) 6-station automatic casting machine capable of handling (6) 8” L x 6” W x 3” H and 20 lbs./unit max mold capacity, WATLOW digital microprocessor temperature controllers, s/n n/a;
  • PROMATION ENGINEERING (2022) rotary type deburring station, s/n n/a;
  • (2) PROMATION ENGINEERING (2022) line control cabinets with PLC’s and integration, s/n n/a; safety cage enclosure with interlocks, s/n n/a;
  • (2) HPS 30KVA/600-208-120v/3ph/60hz transformers;

CNC TABLE ROUTERS

  • LECTRA GERBER TECHNOLOGY (2023) DCS 2600 high speed low ply cutting CNC system with GERBER TECHNOLOGY WINDOWS PC based CNC control, 72” x 144” table, tangential rotary shear head and punch attachment, vacuum clamping with centrifugal vacuum blower, 220v/3ph/50-60hz, s/n: D26-2606369
  • AXYZ AUTOMATION INC (2018) AXYZ SERIES 5012 CNC table router with AXYZ CNC control, digital pendant control, 72"x144" table, ISM tangential knife attachment, ISM tangential rotary shear attachment, vacuum clamping with BUSCH vacuum pump, 208V/3PH/60HZ, s/n: 6687-6577
  • AXYZ AUTOMATION INC (2018) PACER 5010 high speed CNC table router with AXYZ CNC control, digital pendant control, 72"x120" table, HSD high speed spindle with speeds to 24,000 rpm, 12 HP spindle motor, vacuum clamping with BUSCH MINK vacuum pump, 208V/3PH/60HZ, s/n: 6688-6578

QC DEPARTMENT

  • HEXAGON (DEC 2018) RA8 V1 ABSOLUTE 7-axis arm with HEXAGON RS5 LASER 3D scanner, magnetic base attachment, touch probes, fixed base attachment, hard shell travel case, USB dongle, s/n: 8525-7-8761-UC
  • CMM XYZ 12.20.10 MICRON II slant bridge coordinate measuring machine with RENISHAW UCC WINDOWS-BASED PC control and data acquisition, RENISHAW PH20 touch probe with RENISHAW 6-station stylus changer rack, 47.24" x 78.74" x 39.37" measuring envelope, RENISHAW joystick controller, s/n: 0662 (CI)

OVENS

  • GRIEVE (2022) WRC686-500 60 kW electric convection oven with 60 KW capacity, 500 degrees F. max temperature, WATLOW digital temperature control, WATLOW digital overtemperature control, 72” W x 96” L x 78”H chamber, 72” W x 78” H double doors, 575V/3PH/60HZ, s/n: 131078A0422
  • PARK THERMAL 60 kW electric batch oven with 60 KW capacity, 500 degrees F. max temperature, WATLOW digital temperature control, WATLOW digital overtemperature control, 100” W x 80” L x 74”H chamber, 80” W x 74” H double doors, HONEYWELL chart recorder, 575V/3PH/60HZ, s/n: 18727

PAINT BOOTH

  • RAYMAR INDUSTRIAL (2018) 12' W x 21' L x 9' H cross draft paint booth with 107” X 108” double door opening, side man door, lights, exhaust blower, all bolted construction, 3M breathing air supply (may be sold separately) s/n: n/a

PARTS WASHERS

  • WET TECHNOLOGIES (2023) slurry and high pressure wet blasting cabinet with 1300 PSI pump, full stainless steel enclosure with screen wiper and closed loop recovery system, 460V/3PH/60HZ, s/n: WT23-0270599
  • KEERTEK (2022) JET-FE78 stainless steel front-loading rotary type parts washer with 30” diameter x 45” stainless steel rotary basket, variable temperature control, variable timer control, oil skimmer, rolling configuration, portable, 7.9 kw heating element, 240v/1ph/60hz, s/n: 1264607

DOWNDRAFT SANDING TABLES

  • (2) DIVERSITECH (2022) DD3X8 (HEPA) down draft sanding table with 42”x96” effective table size, 7.5 HP blower, exhaust mufflers, 230v/3ph/60Hz, s/n: WO00001053 – CA000817; WO00001053 – CA000818
  • (2) DIVERSITECH FRED CARBO flex snorkel arm type portable fume extractor with 1 HP blower, 110v/1ph/60hz, s/n: WO0001999; 4/164
  • REVERSE AIR SYSTEMS 72” x 36” portable down draft sanding table, 2 HP blower, 240v/1ph/60hz, s/n n/a

DUST COLLECTORS

  • (3) EUROVAC (NOV-2022) CPA-401-83AP0262 cyclonic type industrial central dust collector vacuum systems with AUTOMATION DIRECT touch screen PLC controls,   40 HP multi stage blower, 575v/3ph/60Hz, s/n: n/a
  • EUROVAC (NOV-2022) CPA-200-5753E580 cyclonic type industrial central dust collector vacuum systems with 20 HP multi stage blower, 402 hours recorded on meter at the time of listing, 575v/3ph/60Hz, s/n: 73582-1
  • EUROVAC (NOV-2022) CPA-200-5753E580 cyclonic type industrial central dust collector vacuum systems with 20 HP multi stage blower, 1104 hours recorded on meter at the time of listing, 575v/3ph/60Hz, s/n: 73582
  • EUROVAC (NOV-2022) CPA-200-5753E580 cyclonic type industrial central dust collector vacuum systems with 20 HP multi stage blower, 3136 hours recorded on meter at the time of listing, 575v/3ph/60Hz, s/n: 73582
  • EUROVAC (DEC-2022) CPA-150-5753E543 skid-mounted cyclonic type industrial central dust collector vacuum systems with 15 HP multi stage blower, 4968 hours recorded on meter at the time of listing, 575v/3ph/60Hz, s/n: 73582
  • EUROVAC (DEC-2022) CPA-150-5753E543 skid-mounted cyclonic type industrial central dust collector vacuum systems with 15 HP multi stage blower, 0916 hours recorded on meter at the time of listing, 575v/3ph/60Hz, s/n: 73582-2

ROLLING STOCK

  • TOYOTA 8FBCU25 electric forklift with 4,400 LB capacity, 189" max. vertical reach, side-shift, solid tires, 48v battery, 8,900 hours recorded on meter at the time of listing, s/n: 69478
  • SKYJACK (2008) SJ3226 24V electric scissor lift with 26' maximum lift height, 500 LB capacity, s/n: 27003839
  • RAYMOND (2005) 740-05-BA03723 36V electric reach truck with 4,500 LB. Capacity, 132" mast height, 301" max vertical lift, 54,974 key hours (recorded on meter at time of listing), Unit 3900, s/n 740-05-BA03723
  • TOYOTA (2012) 7FBEU18 48V electric sit down counterbalance forklift with 3,000 lb capacity, 87" mast height, 189" max vertical reach, Unit KR-1, s/n 24399
  • RAYMOND (2008) 4100-C30TT 36V electric stand up counterbalance forklift with 3,000 lb capacity, 83" mast, 188" max vertical reach, 58,503 key hours (recorded on meter at time of listing), Unit 3963, s/n 410-08-15791
  • RAYMOND (2010) 5600-OPC30TT 36V order picker forklift with 3000 lb capacity, 118" mast, 273" max vertical reach, 26,346 key hours (recorded on meter at time of listing), Unit 3888, s/n 560-10-A10539
  • RAYMOND (2012) 8410 24V ride on electric pallet truck with 8,000 lb capacity, 6,721 key hours (recorded on meter at time of listing), Unit 3920, s/n 841-12-10922
  • RAYMOND (2008) RCS20 24V electric walk-behind stacker with 4,000 lb capacity, 83" mast height, 128" max vertical reach, 540 key hours (recorded on meter at time of listing), Unit 3956, s/n RCS-08-01381

MATERIAL HANDLING

  • (3) O'BRIEN (2023) 2 ton capacity single girder top running overhead bridge cranes with 25.5’ span, 15’ height under the hook, STREET 2 ton electric chain hoists, wireless pendant control, variable speed all directions, s/n: 102618-01A, 102618-01B, 102618-01C
  • O'BRIEN (2023) 125’ L free standing crane gantry system with uprights, runway, busbar & I-beams, s/n n/a
  • GLOBAL (2021) SIZE 8X120 8,000 lbs. capacity portable A-frame gantry with KITO 2 ton electric chain hoist, 8’ W x 10’ H adjustable height, s/n S2114878
  • (2) GLOBAL (2022) SIZE 8X120 4,000 lbs. capacity portable A-frame gantry with KITO 2 ton electric chain hoist, 8’ W x 10’ H adjustable height, s/n S2246643; S2246643-1

ALLOY RECOVERY SYSTEM

  • (2) DCA (2023) MODEL 230238 alloy recovery system with AUTOMATION DIRECT touch screen PLC control, (5) zone digital temperature controllers, glycerin dip tank, core carrousel, alloy deposition and recovery system, valves and instruments, full enclosure with flip-up door, 208v/3ph/60hz, s/n n/a
  • RITEHETE vacuum metal melting system with (2) electric melting pots, TIGER-VAC vacuum pump, s/n n/a
  • (8) RITEHETE (2021) VSR 120 round VSR type cast iron solder melting pots with 120 lbs. capacity, 6” dia. x 9.75” H cast iron melting pot, 1800 W capacity, adjustable temperature control, 110v/1ph/60hz, s/n n/a

MODULAR CLEAN ROOMS

  • STRONGCO 136' L x 28.5' W x 10' H modular rectangular clean room enclosure with (16) 72" W x 84" H bi-directional opening double swing doors; (2) 14' W x 16' L office partitions; power and lights; all bolted modular panel construction with modular 40" W x 156" H x 3" Thick metal sandwich panels, s/n n/a (may be sold by the linear ft.)
  • SUMIT SSW-C-L 13.5’ W X 28’ L x 8’ H modular walk-in thermo-isolating temperature controlled room with 120” W x 84” H double doors, side man door, modular all bolted construction, s/n: 12109-21-1791J

MODULAR ROOM HEAT PUMP TEMPERATURE CONTROL SYSTEM

  • OILON (2023) P220 SU HC+ ZGWP industrial heat pump heat - chill system with BEIJER X2PRO touch screen control 743 KW rated heating capacity, 517 KW rated cooling capacity, (2) pressure vessels, associated piping & centrifugal pumps, VFD’s and integration, s/n: 19102150 (may be offered by component)

FACTORY EQUIPMENT

  • METAL PRESS (2024) THC-D-24 hot oil temperature controller with OMRON touchscreen PLC control, 140 - 570 DEG F temperature range, (2) 2 HP pumps, (2) 24 KW heaters, 575V/3PH/60HZ, s/n 81008
  • METALPRESS (2024) THC-D-24 hot oil temperature controller with OMRON touchscreen PLC control, 140 - 570 DEG F temperature range, (2) 2 HP pumps, (2) 24 KW heaters, 575V/3PH/60HZ, s/n: 81006
  • REGLOPLAS (2023) PL160L-51-CRI5H-SK-RT200 digital pressurized water temperature control unit with 160 deg. C. max. temperature, s/n: 1192-000004-23-0001
  • REGLOPLAS (2019) P200M/18/SM75H/2SK/RT100 digital pressurized water temperature control unit with 200 deg. C. max. temperature, s/n: 118300420007
  • TEMPERATURE CORPORATION ACP-5SZV-SP 5HP air cooled portable chiller, s/n: 0723-2840
  • SINGLE (2012) STW 200/1-72-200-H3.1 digital temperature controller with 7.5 KW motor, 575V/3PH/60HZ, s/n: 121047
  • (2) AEROEX (2023) ARO-2500 multi-stage oil mist collectors, s/n n/a
  • COLD JET (2022) PCS 60 - C001 dry ice blasting machine with 145 PSI max. operating pressure, 0.5 KW motor, 100-240V/1PH/50-60HZ, s/n: 02892
  • COLD JET (2020) PCS 60 - C001 dry ice blasting machine with 145 PSI max. operating pressure, 0.5 KW motor, 100-240V/1PH/50-60HZ, s/n: 2A0339
  • KAESER (2023) BSD 50 rotary screw air compressor with 125 PSIG max. working pressure, 7,374 run hours (recorded on meter at time of inspection), 575V/3PH/60HZ, s/n: 1061-93225120
  • US AIR COMPRESSOR (2022) US50/X26 50 HP rotary screw air compressor with MAM-SS0 screw compressor controller, 125 max. air pressure, 575V/3PH/60HZ, s/n: 270522
  • US AIR COMPRESSOR (2020) US50 refrigerated air dryer with 145 PSI inlet pressure, 575V/3PH/60HZ, s/n: N/A
  • MFG UNKNOWN air receiver tank, s/n: N/A
  • GRACO mixing station consisting of GRACO VISCON HP heater unit, GRACO PR70 posi-ratio fixed-ratio metering system & (2) GRACO T3 3:1 transfer pumps, s/n n/a

CONVENTIONAL MACHINE TOOLS

  • (2) PALMGREEN POWERGRIND 9682404A bench type 4” single sided belt sander with 3/4 HP, 3450 rpm, 120-240v/1ph/60hz, s/n n/a
  • KENT INDUSTRIAL CO KTM-380 vertical milling machine with 2-axis DRO, s/n: N/A
  • CYCLONE sandblast cabinet with cyclonic type media recovery, s/n: n/a
  • KING INDUSTRIAL (2017) KC-10KX 10" cabinet table saw, 230V/1PH/60HZ, s/n: 17023062
  • MAGNUM INDUSTRIAL vertical bandsaw with digital speed control, s/n: n/a
  • MAKITA abrasive cut off saw, s/n: n/a
  • (4) ULTIMAKER S5 prototyping 3D printers with 13” x 9.4” x 11.8” max build volume, s/n n/a
  • OPTIMA (2014) DMF steamer diesel powered industrial steamer/pressure washer, Unit PW-1, s/n DMG1606058

ALSO:

  • (26+) heavy duty closed die holder carts; (3) 4,000 lb. capacity portable A-frame gantries; storage cabinets, fireproof cabinets, stainless steel work benches; worktables, rolling lab bench; toolboxes with hand tools, shop supplies; shelf with sanding perishables; worktables, shop carts, bench-type combination sander/grinder; (3) sections of adjustable pallet racking, banding cart, paint pumps & mixers, spare EUROVAC components, digital floor scale, material cage, propane cage, 2 TON engine hoist, parts system, DEWALT miter saw, drill press, LINCOLN ELECTRIC welder, floor scrubber, toolboxes, flammables cabinets, parts washer & supplies, and MUCH MORE!

LIVE WEBCAST ONLY

Formula Solutions Brochure

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.

Payment

A Buyer's Premium of 19% for all Webcast (Remote) bidders will apply at this sale.
THIS SALE WILL BE CONDUCTED IN USD.
 
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 Auction Assets

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 [email protected] to arrange.

Shipping Services for Large Auction Assets

Fuze Logistics Inc. provides reliable transportation and freight forwarding services to ensure your auction purchases arrive safely on time. They offer:

  • Flatbed – For oversized and heavy items
  • Dry Van – For secure and enclosed transport
  • LTL (Less Than Truckload) – Cost-effective shipping for smaller loads
  • Ocean & Air Freight Forwarding – Global shipping solutions for international purchases

Get accurate pricing in advance so you can assess the full cost of acquiring your item before you bid. Contact Fuze Logistics Inc. for pricing requests.

Fuze Logistics Services Inc.
Mr. Chris Tan
1-833-873-3893 x463 (CAD)
1-941-702-3310 (US)
[email protected]
www.fuzelogistics.com

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
[email protected]
www.montyinternational.com
Omega Customs Brokers Inc
Ralph Ronderos
305.592.5656 EXT 1005
[email protected] or [email protected]
www.omegacb.com