(Subject to Court Approval)

Kenora Forest Products

Unprecedented Opportunity to Acquire a State-Of-The-Art Stud Mill In Its Entirety!

Date

Ongoing

Start Time

N/A

Inspection

BY APPOINTMENT ONLY. Please email info@corpassets.com to arrange a date and time.

Removal

Details coming soon!

 

Location

Kenora Forest Products
1060 Lakeview Drive, Kenora, Ontario, Canada, P9N 3X8

Corporate Assets Inc. is pleased to announce its recent agreement (subject to court approval) to market the sawmill assets of the Kenora Forest Products Stud Mill for sale. The Kenora Ontario based mill has the capacity to produce approximately 100 million board feet of high-quality SPF building studs, ranging from 9’ to 5’ along with a range of 1” products in various PET lengths. In 2017, the mill went through a complete modernization with approximately $30 Million Dollars spent on the acquisition of New State-Of-The-Art Equipment with many other Major Upgrades in 2018 & 2019! In addition to entertaining offers for the private sale of equipment, the Kenora Forest Products Stud Mill continues to be marketed “en-bloc” for the assets in its entirety. If interested in this once in a lifetime opportunity, please call Ryan Haas at 416-962-9600.

A brief summary of the mills assets are as follows: 2016 Wood Handling / Infeed Systems including step feeders, log transfer decks, scanning/sorting/reject systems, wave feeders, all for large and small logs; 2016 High Speed Log Debarking Department; Late Model Sawmill including saws, 2018 log optimizer & scanner w/ 3 head laser, cant and jacket board optimizer w/ through beam, board and gang edger saws, 2016 HEWSAW line w/ flight infeed & log positioning, 2016 PROLOGIC log optimizer & scanner w/ 3 head laser, primary & secondary saw box, 26 bin sorter & 2016 stud stacker; 2018 Installed NEW in 2019 WELLONS natural gas fired continuous lumber dry kiln w/ 90 million board feet per year capacity ($4.3 Million New); Rebuilt 2018 MEC natural gas fired continuous lumber dry kiln w/ 200,000 board feet per charge; 2016 Chip & Dust collection systems; 2016 Planing Department including GILBERT planer, feed decks, GRADEXPERT lumber optimizer/grader ($2.2 Million New), 30 bin sorter, finished lumber stacker, lumber bundle strapper & MORBARK chipper/screening unit; Late Model Offering of Material Handling Equipment featuring a 2015 LIEBHERR LH50M log loader, (5) VOLVO L60 front end wheel loaders, 2005 JOHN DEERE 444J front end wheel loader, 2000 & Recently Rebuilt CATERPILLAR 980G front end wheel loader w/ log grapple, 1999 VOLVO L180CHL front end wheel loader w/ log grapple, 2017 BOBCAT T190 skid steer, 2015 manlift, 2006 HYSTER H50FT outdoor forklift, 2006 CLARK C25 outdoor forklift & CATERPILLAR GP25LP-HP outdoor forklift; Late Model CNC & Conventional Blade Sharpening Department; LARGE SPARE PARTS DEPARTMENT; HUGE OFFERING OF MCC, transformers, machining & maintenance departments, factory support equipment & MUCH MORE!

ONGOING LIQUIDATION

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.

A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.

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Download Buyer Deposit Form
CAD Wire Transfer Details
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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: 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.


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