Novacro Machining Inc.

Large Capacity CNC Machining Business Including Real Estate

 

Date

Ongoing

Start Time

N/A

Inspection

To set up an inspection or request further information, please contact Joe Lizewski at 416-962-9600.

Removal

TBD
 

Location

Stoney, Creek, Ontario, Canada

Industry

Machining
 


 

For Sale

Corporate Assets Inc. is pleased to bring this exciting opportunity to market as exclusive sales agents for the real estate and business assets of Novacro Machining Inc. With over 50,000 Sq. Ft of heavy industrial manufacturing space, this business is positioned ideally along one of the best highways for accessing both Canadian and International markets and is within 40-minutes of Toronto’s Pearson International Airport.
 

To view the Real Estate listing on REALTOR.com, click here.

History

The business was founded in 1983 as a 5,000 sq. ft. custom machining facility and has grown over 10 times due to its excellent reputation for manufacturing high-quality parts for its customers—mainly attributed to its constant reinvestment in late model and high-end machinery and equipment over the years. The business has an excellent reputation and represents an incredible opportunity for a company looking to break into the markets of heavy manufacturing or would like to expand its current operations to take on a successful name and client list with over 40 years of proven success.

Real Estate

The company operates on a heavy industrial manufacturing property that can be purchased or leased long term. The building is 30,000 sq. ft. with high internal clearance and heavy crane capacities with overhead bridge cranes, multiple doors, large outdoor storage, car park areas, and frontage on a high traffic and highly desirable street in a well sought-after industrial park.

370 Dewitt Rd.,Stoney Creek, Ontario L8E2T2     MLS® Number: X6003836

Prime industrial building located on over 1 acre lot at the intersection of Dewitt Rd and Arvin Ave. Minutes from QEW. Approx. 30,000 sq ft with approx. 1,500 sq ft of office space. Clear height of 19 ft.

Capabilities & Sectors Served

The company has successfully served clients in the sectors of Mining, Oil & Gas, Power Generation, Aerospace, Transportation, and a range of other industries over the last 40+ years. It has capabilities for heavy CNC machining, fabrication & sub-assembly, gear cutting & slotting, large high tolerance parts inspection, and various others while using modern, state-of-the-art machinery and equipment. All assets have been well maintained by the appropriate OEM and/or third-party contractors and are currently running with all equipment under power.

ONGOING LIQUIDATION

370 Dewitt Rd.

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

 
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.
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Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details
GBP Wire Transfer Details
EUR Wire Transfer Details

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.
 
Please read our Full Terms & Conditions for Removal Requirements

 

 
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.

 

Rigger Release Authorization Form

 

Sample of 'Certificate of Insurance' or 'CI'

 

 
*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. Contact info@corpassets.com for details. The Buyer's Premium does not apply to posted rigging fees.